California used to have some of the hottest markets in the country, but now that things have slowed down these are the cities moving up the list:
You'll notice Odessa has seen a surge of 28% in median list price. This could be because there are only about 475 homes for sale so it could be just a side effect of small numbers in the cells. The other double-digit increase in Lafayette/West Lafayette also only has about 400 homes for sale so most likely the percentages are a reflection of how few homes are in the equation.
The biggest trend from this year's hot markets is simply a matter of affordability. With median list prices getting close to the $1 million mark in the Bay Area, something had to give. It is also telling that a few of the mid-sized cities that have climbed the ranks this year are known for having a growing arts scene and liberal vibe and a sizable amount of housing suitable for young people and growing families.
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