It's not just the temperatures that are sizzling around here this summer... Sacramento is one of the hottest real estate markets in the U.S.
Home sales are heating up just about everywhere in the country - demand is at pre-recession levels - mostly because buyers realize interest rates are going to rise and because buyers want to get in on the appreciation party as affordability becomes a real life issue for anyone that has to make payments.
Here are the 20 hottest residential sales markets in the U.S.
The Sacramento metro area currently ranks as the 11th hottest market in the U.S, based on days on market and current inventory.
Sacramento moved up to 11th place from 12th place over the last three weeks.
A close look at the table reveals that thirteen of the top 20 markets, including Sacramento, continue to heat up.
Also note that six out of 20 of the hottest markets in the country are within a three-hour drive of Sacramento.
Does that give you a clue where prices are going?
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