60 Percent of Nation's 'Hottest' Real Estate Markets in CA: Report

If you’re waiting until spring to put your house on the market, you may be missing out on a great opportunity, according to realtor.com.

The real estate website crunched the numbers and found that February 2016 was sizzling in California, with 60 percent of the hottest real estate markets right here.

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“The people who didn’t buy last year were frustrated because they were outbid or couldn’t find a home that met their needs,” Jonathan Smoke, realtor.com’s chief economist said on the website. “So they more or less took the holidays off, and are back with way more intensity.”

Smoke also reports that prices rose eight percent over February 2015.

Of the 20 so-called “hot” markets, a dozen are located in California. You can see the full list below:

The Hot List

1. San Francisco, CA
2. San Jose, CA
3. Dallas, TX
4. Denver, CO
5. Vallejo, CA
6. San Diego, CA
7. Santa Cruz, CA
8. Santa Rosa, CA
9. Stockton, CA
10. Oxnard, CA
11. Sacramento, CA
12. Los Angeles, CA
13. Boulder, CO
14. Modesto, CA
15. Eureka, CA
16. Portland, OR
17. Nashville, TN
18. Colorado Springs, CO
19. Palm Bay, FL
20. Tampa, FL

Methodology: Jonathan Smoke, realtor.com chief economist, analyzed data for the first three weeks of February. The number of listing views by market was used as an indicator of demand and median days on market as an indicator of supply.

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