San Francisco Is at the Top of August's Hottest Housing Markets

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Listings are viewed more and houses spend less time on the market in the Bay Area and other trending metros

August 31, 2015
Houses in San Francisco

Victorian Houses in San Francisco. Photo: Giuliana Miranda/Creative Commons

San Francisco, Dallas, and Denver are the three most popular metro areas in the housing industry in America this month, according to Realtor.com.

Larger cities like Los Angeles (14th) and San Antonio (19th) make the top-20 list, but some smaller cities like Santa Rosa, Calif. (5th), and Midland, Texas (8th) also earned spots on the list. Only four cities are east of the Mississippi.

A city was determined to be "hot" based on listing views and median days on market, which indicated buyer demand and and supply. Top 20 cities receive 1.8 to 3 times the number of views per listing compared to the national average, and they see inventory move 29 to 48 days more quickly.

The website found that the housing market has made a shift towards buyers in August, reducing sellers' advantages. Inventory grew three percent in the first three weeks of August, and the median list price grew to $233,000, which is up eight percent over the last year.

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