Amid strong demand and tight supply, REALTORS® reported that properties that sold in April 2018 were typically on the market for 26 days, down from 29 days compared to the same month last year, according to the April 2018 REALTORS® Confidence Index Survey.[1] The median days on market have been broadly on a downtrend since 2011 when the properties typically were on the market for three months from May 2011, when this question was first asked in the RCI Survey, through March 2012.
During the February–April 2018, properties typically sold within one month in the District of Columbia and in 23 states led by Washington (21 days), Utah (21), Nevada (22), California (22), and Colorado (22), Oregon (24), Kansas (24), and Indiana (24).
Amid fewer listings for sale in many areas, properties continued to sell at a faster pace in many metro areas, based on the days the properties were listed on Realtor.com. Properties sold most quickly in California, Washington, Utah, and Colorado, particularly in the metro areas of Jose-Sunnyvale-Sta. Clara, CA (19 days), San Francisco-Oakland-Hayward, CA (24 days), Seattle-Tacoma-Bellevue (25 days), Salt Lake, UT (28 days), Ogden-Clearfield, UT (29 days), Colorado Springs, CO (30 days), Midland, TX (30 days), Boston-Cambridge-Newton, MA (30 days), Denver-Aurora-Lakewood (31days), and Washington-Arlington-Alexandria, DC- MD-VA-WV (31 days).
Use the data visualization below to view the median number days properties were listed on Realtor.com in April 2018.[2]
[1] In generating the median days on market at the state level, NAR uses data for the last three surveys to have close to 30 observations. Small states such as AK, ND, SD, MT, VT, WY, WV, DE, and D.C., may have fewer than 30 observations.
[2] To access Realtor.com data, go to https://www.realtor.com/research/data/.