Homes Are Selling Faster This Summer Than in the Past Two Years, New Report Finds
  • 4 years ago
Homes Are Selling Faster This Summer Than in the Past Two Years, New Report Finds.If you’re looking to buy a home this summer, it’s likely you’ll have to act fast.Homes are reportedly flying off the market at their quickest pace in the past two years.Zillow analyzed the average number of days it took for new listings on the site to switch from "active" to "pending.".During the second week of June, homes sold in the U.S. typically remained on the market for just 22 days.Although the first three months of 2020 started off strong, the real estate market slowed down in April and May.The low point hit in the week ending May 16, when homes took 31 days on average to go pending, which is six days slower than the same time period in 2019.Now, as states begin to lift virus-related restrictions, home buyers appear to be ready to start shopping again
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