Western states continue to dominate, showing some of the fastest paces of recovery in the nation’s housing markets. With inventories falling, national median list prices increased 2.54 percent year-over-year during the third quarter, Realtor.com reports.
Anecdotally, the greater Seattle area, has seen price appreciation for months now. The lack of inventory is causing multiple offers in many areas!
The site released its rankings of the top 10 turnaround towns, based on third quarter housing data of median list price increases, inventory levels, and employment rates.
1. Oakland, Calif.
2. Sacramento, Calif.
3. San Jose, Calif.
4. San Francisco
5. Seattle-Bellevue-Everett, Wash.
6. Bakersfield, Calif.
7. Santa Barbara-Santa Maria-Lompoc, Calif.
8. Phoenix-Mesa, Ariz.
9. Fresno, Calif.
View more information about what is making these housing markets some of the biggest turnaround housing markets in the nation at Realtor.com.