By KATIE CALLAHAN
San Diego Business Journal
Monday, February 29, 2016
The National Association of Realtors reported San Diego was the sixth-hottest U.S. real estate market in February.
The association’s chief economist Jonathan Smoke and his team found that San Diego’s median list price for the month was $584,000 with 38 days being the median number of days a home is on the market.
San Francisco topped the list with a median list price of $774,000 and 25 median days on the market. San Jose followed at second place. There were 12 California cities on the list, including Vallejo, Santa Cruz, Santa Rosa, Stockton, Oxnard, Sacramento, Los Angeles, Modesto and Eureka.
Nationally, the median list price in February was $230,000, a one percent increase from January and an eight percent jump since last February. The hottest medium to large markets in the U.S. are viewed two to five times more often than the national average and move off the market 44 to 78 days quicker than anywhere else in the U.S.
This data was collected from the association’s official website, realtor.com, in the first three weeks of February and is based on best availability and highest demand, as determined by listing views by market for demand and media days on market as an indicator of supply.