Both areas continue to command homebuyers’ attention, as demand in the top 20—measured by views per property—was 2.5 times the national level in August. They also saw prices climb 3.3% year over year, even though home prices dropped nationally by 1.3%. ranked as the country’s hottest housing market in August. This is the 29th time in the data’s history that the metro has nabbed the top spot on the list, and it’s been among the top three markets each month for more than three years.
“High demand and scarce inventory conditions drive views per property higher, upping the competition for homes in the hottest markets and leading to snappier home sales,” says Jones.The largest 40 markets across the country did not climb the hotness ranks, on average, compared with last year—which is the first month that large markets have not heated up annually since January 2023.
“Large markets are starting to adjust to subdued buyer demand by lowering home prices and selling lower-priced homes,” says Jones. Happy Apple announcement week! This 10th Gen Apple iPad is at its lowest price ever this week on Amazon