“Our initial readings on January affirm the positive growth we expect to see in the residential real estate market in 2016,” says Jonathan Smoke, chief economist of realtor.com. “Our traffic, searches and listing views exhibited the January ‘pop’ we saw last year, which made for a strong spring. In addition, a large number of prospective buyers have been telling us since the second half of 2015 that they plan to purchase in the spring and summer of 2016.”
San Francisco retains the first spot this month—again—as California maintains its dominance with seven of the top 10 markets. One surprise: Nashville is the biggest gainer, moving up six spots to end at No. 7. Also, Texas and Florida now feature multiple markets on the list. Overall, Florida real estate markets just keep getting hotter, and the state will give California a run for its money in 2016 as the warm-weather housing market to beat. Maybe.
The hot list
Read more: Realtor.com News The 20 Hottest U.S. Real Estate Markets in January 2016