SAN DIEGO (FOX 5/KUSI) — Some California towns are experiencing fast moving supply and rising demand when it comes to the housing market, according to a popular real estate site.
In fact, 19 Golden State towns made Realtor.com’s list for “hottest real estate markets” in 2024, including two areas in San Diego County.
The rankings are based on “proprietary insights on buyer activity and the most comprehensive data on active inventory,” the site explained. The analysis also “breaks down demand and supply dynamics to rank metro areas, counties and zip codes relative to the rest of the country.”
To explain the methodology further, Realtor.com examines listing views by markets as an indicator of demand and median days on market as an indicator of supply. A total of 300 cities were listed.
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With that being said, here’s a breakdown of the California cities that are considered among the “hottest housing markets” in the country as of March 2024, based on this analysis:
— Ranked No. 39: Sacramento-Roseville-Arden-Arcade metro
— Ranked No. 40: Santa Rosa
— Ranked No. 41: Modesto (tied with Cincinnati, OH.)
— Ranked No. 51: Santa Cruz-Watsonville metro
— Ranked No. 53: Oxford-Thousand Oaks-Ventura metro
— Ranked No. 63: Visalia-Porterville metro
— Ranked No. 64: San Diego-Carlsbad metro
— Ranked No. 74: Stockton-Lodi metro (tied with Scranton-Wilkes-Barre-Hazelton, PA. metro)
— Ranked No 77: San Francisco-Oakland-Hayward metro (tied with York-Hanover, PA metro)
— Ranked No. 86: Fresno
— Ranked No. 87: Vallejo-Fairfield metro
— Ranked No. 88: Yuba City
— Ranked No. 90: Salinas
— Ranked No. 92: Santa Maria-Santa Barbara metro
— Ranked No. 100: San Jose-Sunnyvale-Santa Clara metro
— Ranked No. 114: San Luis Obispo-Paso Robles-Arroyo Grande metro (tied with Indianapolis-Carmel-Anderson, IN. metro)
— Ranked No. 126: Merced (tied with Richmond, VA)
— Ranked No. 139. Redding
— Ranked No. 146: Bakersfield
— Ranked No. 155: Los-Angeles-Long Beach-Anaheim metro
— Ranked No. 212: Chico (tied with New York-Newark-Jersey City, NY. metro)
— Ranked No. 228: Riverside-San Bernardino-Ontario metro
The “hottest housing market” in the U.S., according to Realtor.com’s index, is Manchester-Nashua, N.H., followed by Rochester, N.Y. and then Springfield, MA.
The full rankings can be found here.
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