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By Kim Slowey
Copyright © 2016 Industry Dive. All rights reserved.
Realtor.com released its rankings Thursday of the 20 hottest real estate markets for July. California, yet again, scored the most metros on the list, and Vallejo, CA, is once again at the top spot. The list is representative of what the real estate website called the "hottest July" housing market in 10 years.
Realtor.com Chief Economist Jonathan Smoke estimated that July will end up with a median days-on-market figure of 68 days, which is one day faster than July 2015 but three days slower than last month. He said this trend is typical as the end of the summer selling season nears.
Smoke said that even though July saw the addition of 500,000 new listings, total inventory is lower than it was in July 2015, and it was still not enough to meet ... Read the article at the Construction Dive webstie
