Austin Real Estate Makes Realtor.com’s List of Top 20 Markets in August

Austin housing statistics continued its rising trend this Summer, with homes sales increasing twelve percent year-over-year to 3,149 sales in July. To see which markets were the hottest in the country in August, Realtor.com ranked the nation’s real estate markets. Austin’s robust housing market put it in the top 20 list created by the National Association of Realtors’ research team.

Barb Cooper, 2015 President of the Austin Board of REALTORS®, explained, “We’re in the midst of one of the most active summer selling seasons to-date, with more single-family home sales than ever before. Home prices remain high, but inventory levels have increased steadily throughout 2015, perhaps taking a step toward a more balanced housing market.”

Using indicators of buyer demand, the research team also tracked median days on the market to reflect the supply in the local areas. By assessing both data points, they isolated the 20 hottest medium-size to large markets nationwide. According to Realtor.com, the top 20 housing markets capture 1.8 to 3 times the number of views per listing compared to the nationwide average. Additionally, the markets are seeing homes sell in 29 to 48 days, while the national average is 75 days.

Here’s realtor.com® list of the 20 hottest housing markets in August:

1. San Francisco, Calif.

2. Dallas, Texas

3. Denver, Colo.

4. Vallejo, Calif.

5. Santa Rosa, Calif.

6. San Jose, Calif.

7. San Diego, Calif.

8. Midland, Texas

9. Sacramento, Calif.

10. Columbus, Ohio

11. Ann Arbor, Mich.

12. Santa Cruz, Calif.

13. Detroit, Mich.

14. Los Angeles, Calif.

15. Oxnard, Calif.

16. Stockton, Calif.

17. Yuba City, Calif.

18. Austin, Texas

19. San Antonio, Texas

20. Nashville, Tenn.