The online real estate listings service, Trulia, calculated how long homes are staying on the market by measuring the share of homes for sale on its site over a two-month period.
It looked at homes listed on June 17, then counted how many were still for sale on August 17.
Nationally, 63% of homes listed for sale on June 17 were still on the market on August 17, which is up a bit from 61% for the same period last year.
HOWEVER! California continues to hold most of the fastest moving markets, with San Francisco, Oakland, San Jose, San Diego and Orange County making the top 10 list of America’s fastest moving housing markets. Is your market moving faster or do you see homebuyers gaining the advantage? Please tell us in the message boards below the article.
Trulia said that increases in home prices is what, usually, strongly impacts the share of homes on the market after two months, but in this new report, affordability might be starting to play a role in the priciest markets.