Realtor.com has published its report on the 20 hottest real estate markets in the United States for February 2018. That might seem like a long time ago from April, but since the March numbers aren’t out yet, these are great indication of the state of the national market. Here they are:

  1. San Francisco, CA
  2. Midland, TX
  3. Vallejo, CA
  4. San Jose, CA
  5. Sacramento, CA
  6. Denver, CO
  7. Santa Rosa, CA
  8. Colorado Springs, CO
  9. San Diego, CA
  10. Stockton, CA
  11. Santa Cruz, CA
  12. Dallas, TX
  13. Chico, CA
  14. Oxnard, CA
  15. Modesto, CA
  16. Columbus, OH
  17. Fresno, CA
  18. Spokane, WA
  19. Fort Wayne, IN
  20. Los Angeles, CA

What to Make of the Numbers:

  • Prices are high! Listing prices always climb in spring as demand increases, but prices this year have already hit last summer’s peak median price of $275,000. This is also a 10% increase in price over this time last year.
  • San Francisco’s top place on the list is no surprise, but the number two spot of Midland, TX, is a bit unexpected.
  • At a 13-spot increase, Spokane, WA, made the biggest jump in rank compared to January, 2018. Fort Wayne, IN, comes in second with a nine-spot difference. Spokane’s popularity has been growing in recent years as buyers leave Seattle because of its high prices.
  • All these markets suffer from the nation-wide housing shortage, which partly explains the high prices and high demand. Inventory has increased 2% from January, but even with this increase inventory is down 8% from this time last year.
For more, take a look at Realtor.com’s full report.