The most in-demand housing market in the United States is in the Bay Area.
No shock there, right?
But you may be surprised by where it is: the Vallejo-Fairfield market in Solano County.
A Realtor.com tool called the Hotness Index measures where homes are selling the fastest. In that part of the North Bay, properties sell within 31 days. In May, a single-family home in Vallejo was able to fetch $365,000, according to the Mercury News.
Overall, the Bay Area is well represented among the 20 hottest real estate markets in the nation, which also reflects the housing crisis that grips this part of Northern California, the Mercury News reported.
Housing supply is at a historic low in the Bay Area, while housing prices continue to climb. The combination has sent commuters scurrying further away to more affordable locations, which are still within reach of the jobs-rich area.
The second market on the Hotness Index is the San Francisco-Oakland-Hayward area. San Jose-Sunnyvale-Santa Clara is No. 9, the Mercury News reported.
The Sacramento-Roseville-Arden-Arcade metro area came in fourth place, Santa Rosa is 17th, Yuba City is the country’s 19th hottest market, and Modesto rounded out the list at No. 20.