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The Fastest-Moving Markets

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The Fastest-Moving Markets

The Redfin Fastest Real Estate Markets Report ranks 22 markets across the country measured by the percentage of homes that went under contract within two weeks of their debut in May 2013. The fastest-moving market in May was once again San Jose (Silicon Valley), CA, where 58% of new listings were under contract within two weeks, and there was less than one month of supply. All of the top six fastest markets were in California. Denver (#7) was the fastest market outside of the Golden State. San Diego led the nation with the largest month-over-month increase in the rate of homes going under contract in 14 days, increasing from 46.7 percent in April to 50.1 percent in May. Houston had the second-largest gain, from 36.5 percent to 38.6 percent. [Read this article]

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