Realtor.com: Midland nation's hottest housing marketRealtor.com: Midland nation's hottest housing markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=203152018-06-08T05:00:00Z2018-06-08T14:00:00Z

​​​​SANTA CLARA, Calif. – ​​​​For the second month in a row, Midland was the best performing housing market in Realtor.com's monthly rankings. 

According to the latest Real Estate Center data​, the median home price in Midland was $284,000 in April 2018. During that time,​ 250 homes were sold in the area. ​

No. 17 Odessa and No. 19 Dallas were the only other Texas cities in the top 20 for May 2018. 

The top five markets are No. 2 Boston; No. 3 San Francisco; No. 4 Columbus, Ohio; and No. 5 Vallejo, Calif. 

“Our latest inventory data confirm we’re in the thick of the hottest homebuying season on record, as the pace of sales nationally has officially reached a seasonal and historical high,” says Javier Vivas, director of economic research at Realtor.com. “The frantic activity observed this month means homes are spending 32 fewer days on the market compared to six years ago, and 39 of the top 50 largest markets in the country are seeing the lowest days on the market since we started tracking in 2012.” 

According to Realtor.com, the national median list price in May was $297,000, an 8 percent increase over a year ago. Total inventory of homes for sale increased 6 percent in May.

The website ranks metros based on time on market and the number of views garnered for listings in each city. 

https://www.realtor.com/news/trends/hottest-markets-may-2018.amp/Read more at {Source}

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