According to a prominent real estate website, several California towns are witnessing rapid movement in supply and increasing demand in the housing market. In fact, Realtor.com's latest rankings for 2024 include 19 California towns on their list of the "hottest real estate markets."

The rankings are derived from exclusive insights into buyer activity and extensive data on available inventory. The site's analysis delves into the dynamics of supply and demand, offering comparative rankings for metro areas, counties, and zip codes across the nation.

To elaborate on their approach, Realtor.com assesses demand using listing views and measures supply with median days on market across a listing pool of 300 cities. Based on this methodology, here's a rundown of the California cities identified among the nation's "hottest housing markets" as of March 2024.