Nearly 50 percent of properties nationwide were on the market for less than a month before selling, according to the June 2016 REALTORS® Confidence Index Survey Report.
Only 11 percent of properties were on the market for six months or longer. Homes are tending to sell the fastest in the Midwest and Western regions of the U.S.
In June, properties typically were on the market for 34 days. Short sales were on the market the longest time at 156 days. On the other hand, foreclosed properties tended to stay on the market for about 49 days. Non-distressed properties had the shortest time on the market, averaging 30 days.
View the chart below to see the averages for your state.
Source: “In What States Did Properties Sell Quickly in April-June 2016?” National Association of REALTORS® Economists’ Outlook blog (Aug. 11, 2016)