Thursday
September 21, 2017

Where Homes Are Selling the Fastest

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Where Homes Are Selling the Fastest

Homes sold quickly across the U.S. this summer. Properties that sold between May and July typically were on the market less than 31 days in 29 states and the District of Columbia, according to the July 2017 REALTORS® Confidence Index Survey.

Fifty-one percent of properties that sold in July were on the market for less than a month. Only nine percent of properties were on the market for six months or longer, according to the report.

Properties sold at some of the quickest speeds in Washington (20 days); Colorado and Kansas (21 days); and California (22 days). On the other hand, seven states saw properties stay on the market for two months or more: Wyoming, Louisiana, Mississippi, Alabama, West Virginia, Vermont, and Connecticut.

Source: “In Which States Did Properties Sell Most Quickly in July 2017?” National Association of REALTORS® Economists’ Outlook blog (Sept. 1, 2017)