In the latest top 20 ranking of the hottest real estate markets, each region of the U.S. was represented, and California took the top six spots with Vallejo at number one.
Vallejo's rise to the top is due largely to being an affordable alternative to San Francisco's high priced, and limited inventory. Cincinnati jumped 53 spots to the 64th hottest market overall. “Cincinnati is all about relative affordability; it’s one of the last affordable pockets of inventory available in the country," says Javier Vivas, manager of economic data for Realtor.com. The website's monthly list ranks the 300 largest metropolitan areas.
For other markets, it seems like the good times rolled to a halt—or at least slowed to a crawl—in 2017. Nowhere was this truer than in the Miami area, which tumbled 61 spots to No. 261. That's largely because Miami's real estate market was muy caliente in 2016, setting a bar that was hard to beat. Throw in a couple of hurricanes, and you can see how things got soggy.
