Is your local market still hot?

Real Estate Agent
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Is your local market still hot?

Account ClosedBusiness Member
Real Estate Broker · Ben Lomond, CA · Member since 2014 · 62 posts · 47 votes

How is your local market?  I am in Santa Cruz and the Monterey Bay / Silicon Valley area and the market is still a seller's market with little inventory compared to past statistics.  So crazy. We have investors wondering which other markets are hot?  What say you?

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Matt M.
Realtor · Denver, CO · Member since 2013 · 2k+ posts · 1k+ votes
5y

Hot is an understatement here in the Denver Metro area. Pure Insanity is more like it. Watch what happens as these post Jan 1 deals start to close in the next week. 

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  • Rob ShahPro Member
    Real Estate Agent · Chicago, IL · Member since 2013 · 57 posts · 18 votes
    5y

    Yes, good post!  My market is currently very hot.  I focus on Chicagoland along with suburbs around within a 30 mins radius.  

    Like you said, less inventory and more buyers.  This has to a lot to do with the historical low interest rates.  

    Thanks!

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  • Account ClosedBusiness Member
    OP
    Real Estate Broker · Ben Lomond, CA · Member since 2014 · 62 posts · 47 votes
    5y

    @Rob Shah and people able to work remotely from anywhere with good internet speed.

    0Reply
  • Jonathan PfluegerPro Member
    Ben Lomond, CA · Member since 2016 · 338 posts · 337 votes
    5y

    @Account Closed

    I invest just over the hill from Scotts Valley in Felton, Mt. Hermon, Ben Lomond, Brookdale, and Boulder Creek. Even in the mountains the market is very hot and low inventory. The best deals I have see have all been off-market and big fixers. 

    2Reply
  • Jacob O'Connor
    Real Estate Agent · Austin, TX · Member since 2021 · 17 posts · 7 votes
    5y

    @Lance Hulsey

    I have 0.7 months of inventory here in Austin, Texas .. so crazy.

    1Reply
  • Stephen DeThample
    Real Estate Agent · Las Vegas, NV · Member since 2020 · 461 posts · 305 votes
    5y

    In Las Vegas, NV  The low inventory and high prices are clashing with the ever changing job market due to covid.  Job growth expected to be -10% by some accounts and rents still going up +3%.  It will be an interesting year.

    1Reply
  • Matt M.
    Realtor · Denver, CO · Member since 2013 · 2k+ posts · 1k+ votes
    5y

    Hot is an understatement here in the Denver Metro area. Pure Insanity is more like it. Watch what happens as these post Jan 1 deals start to close in the next week. 

    2Reply
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