News

Dive Brief:

  • Realtor.com released its rankings Thursday of the 20 hottest real estate markets for August, and California still dominates the list. Similar to its findings in July, the real estate site said the pace of this month's sales were the fastest the market has seen in a decade.
  • Year over year, homes are selling 2% faster than in August 2015, however, the median home price edged down $1,000 from July to $250,000. However, that figure is still 8% higher than it was a year ago.
  • The top seven cities on Realtor.com's August list were the same as they were in July, although there was a minor reshuffling between San Diego, CA and Columbus, OH. The Texas town of Waco was a new entry, however, as was Kennewick, WA, located in the Southeastern part of the state. Detroit also made some headway in August, moving up four places on the list to join the 10 hottest locales.