... in Ohio! Three of the top 20 hottest U.S. real estate markets in March were in The Buckeye State, and Columbus was ranked number one. Akron and Canton were the other Ohio markets, ranked 16th and 19th, respectively.
Columbus' rank change was up 8 spots from February, and Akron went up 9 spots in March. According to Realtor.com's analysis, Columbus' market is bolstered by a speedy sales pace and strong demand as calculated by listing views. As well, Cleveland and Cincinnati had the greatest annual improvement in the latest monthly study.
While California continues to be the most-represented state in the top 20, its markets are also the most affected by the slowdown. Houses in Vallejo, Sacramento, and Santa Cruz saw a significant jump in days on market, with an increase of 11, nine, and nine days respectively. Overall, the data shows that current inventory is selling three days more slowly than last March. That drop-off remains unchanged from February, which was the first time since December 2014 that metros on the top 20 list experienced an increase in days spent on the market. The full analysis looked at the 300 largest metros in the U.S.
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