Homes Selling the Fastest in 11 Cities & San Jose, CA being #8!


Here is another reason why sellers should feel pretty good if you own in San Jose, CA even if you are not selling and why buyers  shouldn’t wait any longer if you are truly ready to buy.  One of the many reasons why this is occurring is simply because the area is in high demand (climate, lack of space to build so no worries about builders lowering the prices, job market picking up) and supply is down by as much as 40% in some areas from a normal market! 

11 Cities Where Homes Sell the Fastest
California boasted the highest number of cities where homes tended to spend the shortest amount of time on the market last month, based on March housing data from Realtor.com.

In Oakland,Calif., the average days on the market for listings was 50 in March–the least amount of days for median days on the market for the 146 markets reviewed.

Nationally, the median for homes for days on the market was 160 in March, which is an increase of 40 percent in a year.

Here is a list of the cities with the fewest median days on the market from March:

Oakland, Calif.
Median days on the market: 50
Median list price: $319,000

San Francisco
Median days on the market: 63
Median list price: $639,000

Denver
Median days on the market: 66
Median list price: $259,900

Iowa City, Iowa
Median days on the market: 66
Median list price: $187,500

Los Angeles-Long Beach, Calif.
Median days on the market: 70
Median list price: $345,000

Stockton-Lodi, Calif.
Median days on the market: 70
Median list price: $175,000

Bakersfield, Calif.
Median days on the market: 70
Median list price: $141,500

San Jose, Calif.
Median days on the market: 71
Median list price: $470,000

Anchorage, Alaska
Median days on the market: 71
Median list price: $279,975

Fresno, Calif.
Median days on the market: 71
Median list price: $170,000

Tulsa, Okla.
Median days on the market: 71
Median list price: $147,900

Source: REALTOR® Magazine online (April 27, 2011)

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