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What are the Busiest Housing Markets in the U.S.?

by Reno Manuele

Redfin’s Real-Time Fastest Markets Report offers an interesting glimpse at what housing markets are seeing the most activity. Is Chicago among them?

redfin-real-time-fastest-markets-report-flash-sales-pending-sales-housing-recovery

Housing demand lessened somewhat nationwide in May, according to the latest Real-Time Fastest Markets Report from Redfin, though certain spots in the country definitely remain in high regard among homebuyers.

The percentage of homes going under contract within two weeks fell from 33.2 percent in April to 31.9 percent in April, a trend, Redfin reported, that is likely due to inventory increasing for two straight months.

And what of here in Chicago? It was very interesting – though Chicago, with its relatively high inventory of 4.3-months supply, had among the lowest percentage of listings that pended within two weeks (14.6 percent in two weeks and just 9.4 percent in one week), it still had a very high level of flash sales, which are listings that pend within 24 hours. With 181 flash sales in May, Chicago had the fourth most in the nation.

But where does Chicago stack up with the rest of the nation, you may wonder? See our infographic below for an inkling:

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