Yuba City, Calif., Emerges As One Of The Nation's Hottest Housing Markets

December 22, 2016

Ranked 41st in November, California's Yuba City — a city of about 65,000 located 40 miles north of Sacramento — rose 30 spots to No. 11 in the December listing of the nation's hottest housing markets.

For the most part, the monthly rankings from Realtor.com held steady, with San Francisco, Dallas, and Vallejo, Calif., standing pat in the top three. Other hot cities include San Jose, San Diego, Denver, Columbus, Detroit, and Fort Wayne, Ind. 

Realtor.com chief economist Jonathan Smoke said that demand has intensified since the presidential election in early November. The current median price of a home is $250,000, which is 9 percent higher than last December.

And while homes are sitting on the market six days longer than for November, they’re picking up speed as the year ends. The median number of days that properties take to sell is expected to reach 88 for December, which is five days faster than last year at this time.

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