San Francisco, CA, USA

According to new realtor.com® data, the U.S is seeing the hottest July in a decade.“The best spring in a decade has transitioned into the hottest summer in a decade,” says Jonathan Smoke, realtor.com®’s chief economist.

“Pent-up demand left over from tight supply for two years against the backdrop of mortgage rates remaining near three-year lows have encouraged buyers to keep active at a time when sales usually begin to decline.”

Smoke estimates that properties spent a median of 68 days on the market in July, and the median home price is $251,000, a record price for the month and 7 percent higher than a year ago.

According t the report, the median home price slipped 1% from June, to $251,000 for July.
20 Hottest Markets;

1-Vallejo, Calif. (second consecutive month at number one spot)
2-Dallas, Texas
3-Denver, Colo.
4-San Francisco, Calif.
5-Stockton, Calif.
6-Columbus, Ohio
7-San Diego, Calif.
8-Santa Cruz, Calif.
9-Sacramento, Calif.
10-Santa Rosa, Calif.
11-Yuba City, Calif.
12-Modesto, Calif.
13-Detroit, Mich.
14-Fort Wayne, Ind.
15-San Jose, Calif.
16-Colorado Springs, Colo.
17-Fresno, Calif.
18-Eureka, Calif.
19-Nashville, Tenn.
20-Ann Arbor, Mich.

Source: http://www.realtor.com/

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