Trulia Trends reports on the places where homes are moving fastest this spring. It also found that in the slowest-moving markets, buyers need to move a bit faster than usual.
It's no surprise that the top five fastest moving markets are all in California: San Francisco, San Jose, Oakland, San Diego, and Orange County.
The list of slowest markets reflects more of a geographic mix, including Knoxville, Tenn., and Columbia, S.C.. The three slowest markets were in the state of New York: Albany, Long Island, and Syracuse.
To measure, Trulia calculated the share of homes for sale on its listing services website over a two-month period. Analysts first looked at homes listed on February 5, and then counted how many were still for sale on April 5.
Advertisement
Related Stories
Sales
Sales and Texting? Know the Rules
Texting your sales prospects en masse can be an efficient way to get your message through if you follow these best practices
Affordability
Will NAR's Landmark Commissions Settlement Lower Housing Costs?
The $418 million deal changes long-standing rules—written and unwritten—that consumers claim inflated sales commissions for home sellers, including new-home builders
Market Data + Trends
January's Mortgage Rate Dip Prompts Some Thawing of the Housing Market
A drop in mortgage rates from recent peaks nudged more homebuyers and sellers into the market, signaling the start of greater supply and demand
