Realtor.com's Cicely Wedgeworth offers up a preliminary analysis of sales and price data for October, which shows a typical seasonal decline, but no more and no less. And after declines in August and September, that's good news:
“October saw little change in the for-sale housing market other than the typical seasonal decline in demand and inventory,” said Jonathan Smoke, our chief economist. “Collectively, the inventory metrics speak to a stable and strong housing market that has moved into the slower part of the year.”
The median list price in October was $232,000, pretty much same as September, while total listings declined about 2%, Smoke says.
To determine the 20 hottest markets, Smoke and his team looked at listing views by market as a demand indicator, and the top 20 all received 1.8 to 3.6 times the amount of views per listing as the national average.
Denver, no stranger to these rankings, came in first, followed by two red-hot Bay Area metros, San Jose and San Francisco. Dallas and Vallejo, Calif. rounded out the top five. Meanwhile, Boulder, Colo. and Fort Wayne, Ind. broke into the top 20 this month.
Check out the full rankings over at Realtor.com: