Where are homes selling the fastest right now?

Via on Apr 28, 2011

The answer may surprise you.

Anchorage, Iowa City, Tulsa?

They don’t exactly spring to mind as real estate hot spots, but maybe they should. They made it into the list of 11 Cities Where Homes Sell the Fastest according to housing data from Realtor.com

California (not so surprisingly) boasted the highest number of cities where homes tended to spend the shortest amount of time on the market during the month of March, 2011. In Oakland, CA, the median days on the market for homes was 50 – the lowest for the 146 markets reviewed.

Nationally, the median days on the market was 160 in March, which is an increase of 40 percent over last year. Perhaps due to the Home Buyer Tax Credits that were offered last year at the time.

Here is the list of the cities with the fewest median days on the market this past March and their median list price:

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)

About Liz Benson

Liz Benson is a Realtor/EcoBroker with Colorado Landmark Realtors based in Boulder, CO. She is also Mom to a lovely teenage daughter and an energetic border collie. When not juggling those duties, she enjoys travel, riding her vintage cruiser and DIY home improvements.

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