Where Homes Sold the Fastest This Winter National Association of REALTORS® | January 25, 2017
Homes across the country are selling faster than they were a year ago. Nationwide, properties stayed on the market for an average of 52 days in December, down from a 58-day average a year ago, the National Association of REALTORS® reported in its latest housing report Tuesday. Thirty-seven percent of homes sold in December were on the market for less than a month.
The following five metro areas had listings that stayed on the market the shortest amount of time in December, according to inventory data from realtor.com®:
San Jose-Sunnyvale-Santa Clara, California: 49 days
San Francisco-Oakland-Hayward, California: 50 days
Nashville-Davidson-Murfreesboro-Franklin, Tennessee: 50 days
Billings, Montana: 51 days
Hanford-Corcoran, California: 51 days
Source: National Association of REALTORS®; REALTOR® Magazine Online, Daily Real Estate News 012517
November’s Hot List: The Top 20 Markets Article by Daily Real Estate News | November 28, 2016
California real estate professionals are staying busy. Cities in California continue to dominate lists of the most booming housing markets in the country. But they’re not alone. Many markets across the country are seeing elevated sales this fall.
“After an eventful election, demand for real estate appears to be carrying momentum going into the holiday season,” says Javier Vivas, manager of economic research for realtor.com®. “We expect that to be put to the test, as mortgage rates sky rocket to new highs. But forecasts expect growth as we enter the new year, which should keep waves of buyers intent on entering the market.”
Inventory of homes for sale is down 5 percent in November from October, but the combo of low supply and high demand is keeping prices high, realtor.com® notes. The median list price nationwide remained at $250,000 for the fourth consecutive month, a new record for November.
Realtor.com® flagged the following 20 markets as the hottest in the country in November, where homes are selling the fastest and demand is highest (based on page views):