Homes across the country are selling faster than they were a year ago. Nationwide, properties stayed on the market for an average of 52 days in December, down from a 58-day average a year ago, the National Association of REALTORS® reported in its latest housing report Tuesday. Thirty-seven percent of homes sold in December were on the market for less than a month.
NAR's latest housing report:2016 Marked Best Year for Sales in a Decade
The following five metro areas had listings that stayed on the market the shortest amount of time in December, according to inventory data from realtor.com®:
- San Jose-Sunnyvale-Santa Clara, Calif.: 49 days
- San Francisco-Oakland-Hayward, Calif.: 50 days
- Nashville-Davidson-Murfreesboro-Franklin, Tenn.: 50 days
- Billings, Mont.: 51 days
- Hanford-Corcoran, Calif.: 51 days
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