NJ Town's Real Estate Market Named One Of The Hottest In U.S.: Report

MONTCLAIR, NJ — Montclair is not only the hottest town in New Jersey for real estate, but the fourth hottest in the entire country, according to Realtor.com data first reported by NJ.com.

So how exactly is "hot" defined in a real estate market? Realtor.com based its hotness rank on supply and demand data on its site — in other words, the unique views on property listings averaged along with the number of days the property has been listed, a representative told NJ.com.

Other New Jersey towns that made the top 10 are Basking Ridge, Mount Laurel, and Ramsey, coming in at #5, #8, and #10, respectively.

The number one hottest real estate market in the entire country is Columbus, Ohio, according to the ranking.

Read the full report, including the complete ranking of 50 of the top markets, in NJ.com.