[Report] Boston Ranked #2 Hottest Housing Market in May

A recent publication by realtor.com ranked U.S. city housing markets on a "hotness" scale - taking into account housing market supply and demand by number of listing views. Boston has secured a top position as the nation's #2 hottest housing market for May 2018.

While Californian cities have occupied several top positions in past months, the May rankings are better distributed, with Texas, Ohio, Michigan, Idaho, Colorado, Indiana, Wisconsin and Washington represented in the list. California had dominated the national market list in April 2018, with San Francisco, Vallejo, San Jose, Santa Cruz, Stockton and Sacramento all holding high positions.

In the website's May publication, director of economic research at realtor.com, Javier Vivas, commented on California's representation. "The California housing market has been hot for a long time - but maybe too hot. Our May hotness index further confirms we're seeing that as prices in California continue to soar, people are increasingly looking elsewhere. As we continue into what we expect to be the hottest home-buying season in history, look for a wide variety of locales to remain red-hot."

In the city's ranking of median age of inventory, Boston was tied with Midland, Texas at 28 days.

The ranking is based on listing views by market, an indicator of demand, and median days on market, an indicator of supply.

Realtor.com's May 2018 Hotness Rankings

May 2018 Rank	U.S. City	May Median Age of Inventory	April Rank	April Median Age of Inventory
1	Midland, Texas	28 days	1	30 days
2	Boston-Cambridge-Newton, Mass.-N.H.	28 days	2	30 days
3	San Francisco-Oakland-Hayward, Calif.	22 days	3	24 days
4	Columbus, Ohio	31 days	4	32 days
5	Vallejo-Fairfield, Calif.	31 days	5	30 days
6	Boise City, Idaho	31 days	11	34 days
7	Stockton-Lodi, Calif	30 days	8	32 days
8	Buffalo-Cheektowaga-Niagara Falls, N.Y.	33 days	17	41 days
9	Grand Rapids-Wyoming, Mich.	31 days	25	39 days
10	Fort Wayne, Ind.	35 days	30	47 days
11	Colorado Springs, Colo.	30 days	6	30 days
12	Sacramento—Roseville—Arden-Arcade, Calif.	31 days	7	33 days
13	Worcester, Mass.-Conn.	34 days	21	40 days
14	Rochester, N.Y.	37 days	14	38 days
15	Ann Arbor, Mich.	32 days	9	36 days
16	Detroit-Warren-Dearborn, Mich.	37 days	16	40 days
17	Odessa, Texas	34 days	15	37 days
18	Spokane-Spokane Valley, Wash.	33 days	13	34 days
19	Dallas-Fort Worth-Arlington, Texas	37 days	19	38 days
20	Racine, Wis.	39 days	12	38 days

Last year, researchers found that new homebuilding was the single best predictor of increases in home inventory in the U.S. With a wealth of residential developments on the rise in the city, Boston's 2018 homebuilding forecast is looking bright.

Click below for a link to Boston's Development #CraneWatch - featuring proposed, approved and constructed developments throughout the city: