Thursday marks the first day of spring, which means one thing – the sales season.
Soon home hunters will come out of their hibernation to catch the best property. The last date from Realtor.com revealed five meters of red, where homes with a single family are selling faster, and they are all coastal centers. Despite fast fire sales, however, average ranking prices were reduced across the board.
The houses in San Jose, California topped the list of an average shelf life of just 22 days in the market. This is much below the nationwide average of 66 days. The San Jose market is very competitive and is constantly ranked among the country’s most expensive. Homes with a single family in Silicon Valley City scored at an average price of $ 1.3 million in February.
Only one hour by car is the country’s second hottest market – San Francisco. Home prices in the infamous costly city of the bay hit an average cost of nearly $ 900,000 in February. San Fran’s typical house stayed only in the market for 30 days last month.
Across the country, the third market of the fastest movement was Boston, where he left home for as little as 33 days. Beantown sold Big in February, at an average price of $ 839,450.
In addition to Boston, Washington, DC is the only other Metro outside California that made the list. Properties in the country’s capital associated with San Diego for an average of 34 days in the market.
Homes in Sunny San Diego ranked for an average of approximately $ 950,000. Properties in DC listed for about $ 580,000 last month, but tides can be returned for that market. All eyes remain in the ongoing influences of real estate of the federal federal vacation of workers.
This latest data comes from Realtor.com monthly report on housing market trends. Despite the high question, see in deciding as San Jose and Boston, monthly data over the past year have widely discovered a shift to a buyer’s market.
The prices have slowed even to the top five meters of sale faster. According to Realtor.com data, each of these cities saw that the average list of one year a year decreased, dropping from a 9% drop in San Francisco to 1.8% DIP in Boston.
The total number of homes nationwide for sale is nearly 30% higher than last year, according to the February report, and the total number of unsold houses increased in the same period by nearly 20%.
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Image Source : nypost.com