Realtor.com® National Housing Trend Report for September 2013 highlights a strong continuation of equilibrium-oriented trends identified last month. While key indicators show a relatively consistent pace with August figures, the year-over-year perspective shows a strong performance in median list price, decline in days on market and a return to year-ago inventory levels that signal a dramatic rebalancing compared to the beginning of this year.
Of particular note in September’s figures are a handful of markets showing very fast-paced sales cycles, some at roughly half of the national median “days on market” figure of 93 days, with Oakland the stand-alone at just 28 days. Many of these markets are seated in the hot “sand state” regions, with a few outliers such as Denver, Detroit, Seattle and Washington, DC.
Get full September 2013 Real Estate Data report here.