San Diego County was ranked Thursday as the fifth “hottest” real estate market in the United States in September, with a typical home on the market only 39 days.
San Diego moved up four places in the monthly ranking by the National Association of Realtors’ Realtor.com website.
Nationally homes are on the market a median of 69 days, almost twice as long as in San Diego.
Prices continue to rise nationally, but inventory is low, making it a challenging market for buyers, said Danielle Hale, chief economist for Realtor.com.
“While the steadiness in prices from August to September is on par with what we’ve seen in the last few years, other indicators show what a tough market buyers are facing,” she said. “Both the number of homes coming on the market and the amount of time they take to sell are lower than we typically see in the fall season, while listing views per property continue to rise.”
Both Houston and Miami fell out of the national top-20 ranking because of the impact of hurricanes Harvey and Irma.