September home sales were hot, based on preliminary data from Realtor.com.
Homes for sale in September are moving 4% more quickly than last year, and that’s even as prices hit record highs. Granted, September saw a bit of the typical seasonal slowdown, with properties spending five more days on market (77) than last month—but that’s still three days faster than last year at this time. At the same time, fewer homes are coming on the market, further diminishing supply. Total inventory remains considerably lower than one year ago, leaving buyers with fewer options in a market that has already been pretty tight.
Realtor.com's Cicely Wedgeworth presents the hottest markets this month. The inventory in these markets moves 23 to 43 days more quickly than the national average, and listings get 1.4 to 3.7 more views than the national average.
San Francisco topped the list, followed by Vallejo, Calif., Denver, Dallas, and San Diego in the top five. Grand Rapids, Mich., was new to this month's list. Here's an interactive map from Realtor.com of the top twenty hot spots:
Continue to Realtor.com to see the full list of September's hottest markets.