California is kicking butt and taking names as it continues to lead the pack as one of the busiest housing markets across the country. The Golden State boasts 13 of the 20 top markets.
“Listings are growing as they normally do this time of the year, but because demand has been growing faster than supply, homes are selling faster,” says Jonathan Smoke, chief economist of realtor.com. “So the monthly trend is the normal seasonal pattern, but the year-over-year decline is reflective of demand being stronger than supply for more than a year, which is resulting in fewer homes available and faster-moving inventory.”
The ranking below shows the 20 markets where listings are getting two to five times more views than the national average and homes are selling one to two months faster than in the rest of the country: