It’s not very often you hear Dallas and San Francisco linked together in, well, just about anything. But as data is coming in about how each market is faring on the real estate side of things, it turns out the two cities are a bit more comparable than you might think right now.
According to a report from realtor.com, Dallas and San Francisco were the nation’s two hottest housing markets in the month of August, followed by Denver, Vallejo, and Santa Rosa to round out the Top 5. To determine which markets are hot, and which are not, data relating to listing views by market and median days on market is taken into consideration in order to help determine buyer demand and overall supply.
Results deemed that both the Dallas and San Francisco markets were receiving 1.8 to 3 times more views per listing compared to the national average, while each market was also seeing inventory move 29 to 49 days faster than other markets around the U.S.
Home prices around North Texas are also at an all-time high, which certainly relates to limited inventory and how hot the market is right now. So far this year, median home sales prices all throughout the North Texas region are up an incredible 11% from the same period in 2014, while sales are also up 5% to an all-time high as well.
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