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Richard funchess summer 2018's hottest housing market (1)

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Missed out on Realtor.com's "hottest market" list for summer 2018? Here's a quick briefing for the top spots and some interesting reveals.

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Richard funchess summer 2018's hottest housing market (1)

  1. 1. S U M M E R 2 0 1 8 ' S H O T T E S T H O U S I N G M A R K E T S Richard Funchess
  2. 2. Realtor.com recently released its “hottest market” list after studying June listing searches in all U.S. markets. How does a city get on the “hottest market” list?  It takes four vital ingredients: Limited supply, strong demand, rising prices, and Days on Market, or the Median Age of Inventory.
  3. 3. N O . 1 MIDLAND, TEXAS D A Y S O N M A R K E T M E D I A N L I S T I N G P R I C E N E W L I S T I N G 29 days $350,000 $315,000 could buy you a two- story 2,075 sq. foot home with four bedrooms & three full baths
  4. 4. N O . 2 COLUMBUS, OHIO D A Y S O N M A R K E T M E D I A N L I S T I N P R I C E N E W L I S T I N G 32 days $299,000 $209,900 could buy you a ranch-style home with hardwood floors, a sunroom, and nicely landscaped backyard. 
  5. 5. While potential Amazon HQ2 cities all made the list, for the first time in six years, California markets did not rank in the top five. Too much inventory at once helped pushed it off the list, as well as people’s interest and money shifting into less expensive secondary markets. C A L I F O R N I A
  6. 6. T H A N K Y O U . For more information visit http://richardfunchess.com/

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