West Texas town of Midland is the hottest U.S. home market again

AP

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The West Texas city of Midland is back at the top of the list of the country’s hottest housing markets.

November was the third time in recent months that Midland has been ranked the top U.S. home market based on the number of people looking at properties there, according to Realtor.com.

"Homes in Midland have a median list price of $358,450 and a median days on market of 44 days, 16-percent faster than last year," according to the latest snapshot. "Realtor.com’s Hottest Markets receive 1.4 to 2.4 times the number of views per property compared to the national average.

"In terms of supply, these markets are seeing inventory move 12 to 33 days more quickly than the rest of the US," the online marketing service said. "The hottest markets are also seeing inventory move more quickly than last year.

"The median time spent on the market is four days faster for the hottest markets on average from last November."

Along with Midland, sister city Odessa also made the monthly hot markets list.

Both Midland and Odessa have seen their home markets rebound sharply as the West Texas oil and gas industry has picked up.

Home list prices in Midland and Odessa have increased by 20 percent or more in the last year.

Source: Realtor.com

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