Hot Dallas Real Estate
In terms of online searches, homebuyers are targeting Dallas. Realtor.com released its hottest 20 cities for February 2016, based on the number of listing views by market as an indicator of demand and median days on market as an indicator of supply.
Surprising no one, Dallas shows up as the No. 3 most popular market in the country.
It’s the lone Texas entrant in a list that touts mostly California and Colorado cities. San Francisco, San Jose, Denver, and Vallejo round out the top five.
“The people who didn’t buy last year were frustrated because they were outbid or couldn’t find a home that met their needs,” says Realtor.com's chief economist Jonathan Smoke. “So they more or less took the holidays off, and are back with way more intensity.”
That intensity extends to both buyers and sellers, both of whom are showing to be very active online. These 20 cities are tops when it comes to best availability (good for buyers) and highest demand (good for sellers). In fact, Smoke says that listing inventory in February is expected to show a 1 percent increase over January.
“These are the places that are head and shoulders hotter than the rest of the country — and they’re also accelerating,” Smoke says.