Real Estate News: Redfin’s Top 30 List of Most Competitive Neighborhoods for Homebuyers in 2015 Can be Found in 4 Cities

In the recent report of Redfin, the real estate brokerage released a list of the top 30 neighborhoods in the United States with the most homebuyer competition during 2015.

The most shocking part of the report conducted by Redfin is that all of the top 30 neighborhoods can be found in four cities.

According to the press release of Redfin in Business Wire, It is not surprising that the competition of homebuyers in Boston, Seattle, Portland and San Francisco is very high due to the high-phased development of technology companies that provided sudden influx in the employment of the area.

"These four metro areas have set themselves apart in terms of attracting and creating high-wage jobs in tech, pharma, and finance, and that has heated up the local housing market. When a short supply of homes collides with high-income homebuyers, you get this hot, hyper-competitive climate," said Redfin chief economist Nela Richardson.

Redfin used data from multiple listing services (MLSes), public records and proprietary data on Redfin agent and customer activity and analyzed the gathered data by using multiple indicators of competition such as the percentage of homes that sold above asking price, how quickly homes went under contract and the percentage of Redfin offers that faced bidding wars.

Here is the list of the top 30 Most Competitive Neighborhoods for Homebuyers in 2015: