Vallejo ranks No. 1 in home sales; Santa Rosa, 19th

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‘Hottest’ U.S. home markets

Rankings in February and (January).

1. Vallejo (No. 3)

2. San Francisco (No. 1)

3. Dallas (No. 4)

4. Denver (No. 8)

5. San Jose (No. 3)

6. San Diego (No. 5)

7. Sacramento (No. 6)

8. Stockton (No. 9)

9. Colorado Springs, Colo. (No. 13)

10. Yuba City (No. 7)

11. Modesto (No. 16)

12. Midland, Texas (No. 27)

13. Detroit (No. 15)

14. Oxnard (No. 11)

15. Fresno (No. 10)

16. Columbus, Ohio (No. 12)

17. Boulder, Colo. (No. 25)

18. Boston (No. 32)

19. Santa Rosa (No. 19)

20. Los Angeles (No. 17)

Source: “Hottest Real Estate Markets,” Realtor.com, Feb. 23

Vallejo in Solano County tops Realtor.com’s February list of “Hottest Real Estate Markets,” released Thursday.

Proximity to the hot San Francisco market may be driving Vallejo to No. 1 in a market that overall continues to be lower on inventory. San Francisco ranked No. 2, down from first place in January.

“It still remains one of the few arguably affordable places in Northern California,” says Javier Vivas, Realtor.com’s manager of economic research. “That makes owning a viable option in Vallejo, driving up demand.”

Among the 12 California markets on the national top 20 list, Santa Rosa in Sonoma County ranked 19th – the same position it held on the January list.

“Factoring in strong buyer demand, sales remained strong in February after a January in which the pace of existing-home sales was at a 10-year high,” said the National Association of Realtors in the list announcement. The trade group runs the site.

It noted the homes are moving off the market faster in February than in the previous month. Meanwhile, “the sharp double-digit decline in for-sale housing inventory observed since October is continuing.”

Chief Economist Jonathan Smoke of Realtor.com said, “Strong off-season demand powered new seasonal highs in prices and left us with a new low in available homes for sale. Potential sellers take note: This year is shaping up to favor you even more than last year.”

‘Hottest’ U.S. home markets

Rankings in February and (January).

1. Vallejo (No. 3)

2. San Francisco (No. 1)

3. Dallas (No. 4)

4. Denver (No. 8)

5. San Jose (No. 3)

6. San Diego (No. 5)

7. Sacramento (No. 6)

8. Stockton (No. 9)

9. Colorado Springs, Colo. (No. 13)

10. Yuba City (No. 7)

11. Modesto (No. 16)

12. Midland, Texas (No. 27)

13. Detroit (No. 15)

14. Oxnard (No. 11)

15. Fresno (No. 10)

16. Columbus, Ohio (No. 12)

17. Boulder, Colo. (No. 25)

18. Boston (No. 32)

19. Santa Rosa (No. 19)

20. Los Angeles (No. 17)

Source: “Hottest Real Estate Markets,” Realtor.com, Feb. 23

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