Since the Olympics start today, and we’ll be hearing about and watching very fast people, this seems appropriate.
The average number of days homes are spending on the market has dropped by nearly 10 percent nationwide in the last year, according to June housing data from REALTOR.com. The average U.S. home now spends 84 days on the market.
But in some housing markets, homes are selling even faster, spending an average of 45 days or less on the market before they sell. What’s more, many of these housing markets are having not only some of the speediest home sales but also some of the largest increases in median home prices compared to a year ago.
Here are seven metro areas that saw homes on the market for the fewest number of days in June, according to Realtor.com data:
- Oakland, Calif.
Median days on the market: 24
- Denver
Median days on the market: 33
- Anchorage, Alaska
Median days on the market: 43
- Fresno, Calif.
Median days on the market: 43
- Bakersfield, Calif.
Median days on the market: 44
- Seattle-Bellevue-Everett, Wash.
Median days on the market: 45
- San Francisco, Calif.
Median days on the market: 45
Find out what other markets are seeing speedy sales at 24/7 Wall St.
Source: “American Cities Where Homes Sell Fastest,” 24/7 Wall St. (July 25, 2012
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