According to the newest realtor.com Hotness Index for the month of June, California and Texas are home to the hottest real estate markets in the U.S. The index identifies the top 20 markets where buyers are eagerly seeking homes, and where sales are closing quickly. The top 20 list includes San Francisco, Denver, Dallas, San Jose, Sacramento, San Diego, Austin and San Antonio.
Summer is officially here, and just like the heat waves sweeping through much of the country, the real estate market shows no sign of cooling off any time soon, according to a preliminary analysis of June data for realtor.com.
“Our early read of real estate trends in June suggests good news ahead for the U.S. residential real estate market, especially in the hottest markets with healthy growth in supply,” said realtor.com chief economist Jonathan Smoke, who conducted the analysis.
California again dominated the hottest markets list, with almost half of the country’s 20 hottest real estate markets. This is because supply is tight and the state’s strong economy is fueling demand.
