As spring begins, the selling season for homes is highlighted by recent Realtor.com data showing five coastal US cities with the quickest property sales. San Jose leads with homes selling after just 22 days, followed by San Francisco at 30 days. Boston is third with a median of 33 days. Both Washington, DC and San Diego are also among the fastest movers. Interestingly, despite the hot market vibes, median prices have seen declines, suggesting a shift towards a buyer's market as demand fluctuates with economic factors.
Despite high demand and rapid sales, median listing prices actually declined across the hottest markets, indicating a potential shift towards a buyer's market.
Homes in San Jose sell in just 22 days, significantly quicker than the national median of 66 days, showcasing the city's fierce competition.
Boston and Washington, DC feature prominently in fast-selling markets, both averaging around 33-34 days on the market despite recent shifts towards a buyer's market.
While San Francisco homes sell for a median of nearly $900,000, the typical days on the market has decreased, demonstrating the quick pace of the real estate sector.
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