Despite decreasing home inventory and rising prices, many U.S. housing markets are still buzzing.
According to Realtor.com, eleven of the 20 hottest housing markets in September were in California, including San Jose, San Francisco, and Vallejo which came in first, second, and third respectively. The top ten also included Fort Wayne, Indiana and Detroit, Michigan.
The median time on market for properties on realtor.com in September was 69 days, or 8 days shorter than one year prior. The median listing price was $274,000, or 10 percent higher than a year earlier.
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