Each month, HVF Monthly Housing Market Report uses a number of leading real estate market-based indicators to report on activity in the single-family home markets in the top 200 metropolitan areas (CBSAs) in the U.S.
San Jose CBSA Continues Streak on Top 10
For five months in a row, the San Jose-Sunnyvale-Santa Clara, CA CBSA has earned a spot as one of the hottest markets in the country, according to analysis of September 2017 market trends. The burgeoning San Jose metro, which was also recently named as the hottest market in the country by Realtor.com, finds itself on the top 10 list of strongest markets in the country thanks to Months of Remaining Inventory (MRI) under four months, Foreclosure Sales as a Percent of Regular Sales under six percent and a robust 15.46% change in Sold Price – all indicative of a healthy real estate market.
Top 10 CBSAs:
Interested in learning more about one of the metros featured in this month’s market report? Contact Stewart Valuation for more in-depth information on each CBSA featured in this month’s report.
About Stewart Valuation’s Monthly Market Report
The Home Value Forecast uses a ranking system that is purely objective and is based on directional trends of nine market indicators. Each indicator is given a score based on whether the trend is positive, negative or neutral for that series. For example, a declining trend in active listings would be positive, as will be an increasing trend in average price. A composite score for each CBSA is calculated by summing the directional scores of each of its indicators. From the universe of the top 200 CBSAs, each month we highlight topics and trends in the real estate market.
