Jul 25

Fastest-Moving Real Estate Markets

Fastest-Moving Real Estate Markets

Fastest-Moving Real Estate Markets. Image courtesy of Stuart Miles / FreeDigitalPhotos.net

Fastest-Moving Real Estate Markets. Image courtesy of Stuart Miles / FreeDigitalPhotos.net

Austin is hot, and we’re not talking temperature. The Austin, Texas, metro area has the fastest moving real estate market in the U.S., according to ZipRealty’s second quarter report, with properties spending a median of 10 days on the market.

ZipRealty analyzed housing market trends in 23 metro areas across the U.S., and found the median days on market in these metros remained relatively steady at 29 days, compared to 27 days during the second quarter last year.

The fastest-moving markets as of June 30, 2014 were:

  1. Austin, Texas: 10 days
  2. (Tie) Washington, D.C., and Northern Virginia: 14 days
  3. (Tie) Dallas, Portland, Ore., and Denver: 15 days
  4. (Tie) Houston and Seattle: 17 days
  5. (Tie) Sacramento, Calif., and Boston: 19 days

The metro areas with the largest median sales price increase since last year: 

  1. Sacramento, Calif.: $267,000, 15% year-over-year increase
  2. Austin, Texas: $266,000, 14% year-over-year increase
  3. Las Vegas: $182,000, 12% year-over-year increase
  4. Houston: $215,000, 12% year-over-year increase
  5. Orlando, Fla.: $154,000, 11% increase year-over-year increase

Source: “ZipRealty Names the Fastest-Moving Housing Markets at Mid-Year,” ZipRealty (July 24, 2014)

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