Dallas-Fort Worth Listed Among Hottest Real Estate Markets in the Country

Two Texas metro areas, Dallas-Fort Worth and Austin-Round Rock have been named among the “20 Hottest Real Estate Markets in May 2015” by realtor.com. The list was determined after analyzing the number of views per listing on the real estate website as well as the media age of the inventory available.

Key States Hold Multiple Top Spots on 2015’s “Hot List”

Not surprisingly, California took many of the top spots on realtor.com’s list of the hottest real estate markets in May 2015. With a significant demand coupled with a tight supply of homes, California has consistently been ranked among the top states in terms of real estate demand. San Francisco-Oakland-Hayward and San Jose-Sunnyvale-Santa Clara took the second and third spots while Sacramento-Roseville-Arden-Arcade grabbed the number 12 position. This is not surprising considering that Sacramento has had strong employment growth and is considered a more affordable option than many of California’s other locations. Other California metro areas to make the list included: Vallejo-Fairfield (number 5), Santa Cruz-Watsonville (number 7), Santa Rosa (number 8), San Diego-Carlsbad (number 11), Los Angeles-Long Beach-Anaheim (number 15), Oxnard-Thousand Oaks-Ventura (number 17) and Stockton-Lodi (number 20)

Colorado also had more than one metro area included on the list. In fact, the Denver-Aurora-Lakewood area took the number one position while Boulder landed in the number 13 position. Michigan’s Ann Arbor and Detroit-Warren-Dearborn metro areas also made the list. The only other state to have multiple listings was the Lone Star State.

While Michigan managed to get two areas on the list, the continued strength of Texas metro areas is a testament to the state’s diverse economy and its ability to overcome obstacles such as the fall in oil prices. Interest in Michigan, on the other hand, is largely due to the state’s current affordability as it continues to recover its economy.

Dallas and Number One Denver Have Much in Common

Dallas and number one Denver have many characteristics in common. Both metro areas are currently experiencing a significant amount of economic growth coupled with a tight housing supply. As a result, both areas have some of the fastest-moving inventory in the nation.

The complete list of metro areas included on the list is as follows:

• Denver-Aurora-Lakewood, CO
• San Francisco-Oakland-Hayward, CA
• San Jose-Sunnyvale-Santa Clara, CA
• Dallas-Fortworth-Arlington, TX
• Vallejo-Fairfield, CA
• Boston-Cambridge-Newton, MA-NH
• Santa Cruz-Watsonville, CA
• Santa Rosa, CA
• Ann Arbor, MI
• Detroit-Warren-Dearborn, MI
• San Diego-Carlsbad, CA
• Sacramento-Roseville-Arden-Arcade, CA
• Boulder, CO
• Fargo, ND-MN
• Los Angeles-Long Beach-Anaheim, CA
• Austin-Round Rock, TX
• Oxnard-Thousand Oaks-Ventura, CA
• Manchester-Nashua, NH
• Columbus, OH
• Stockton-Lodi, CA

For those who are interested in buying into a hot real estate market while it is still growing, the Dallas-Fort Worth region is certainly one that is worth considering. With its economic stability, strong real estate market and numerous employers announcing expansions on a regular basis, Dallas-Fort Worth has much to offer to young professionals, families, retirees or anyone else looking for a great place to call home. To learn more about what Dallas-Fort Worth real estate opportunities are available, contact our team of real estate experts today.

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