We keep hearing about how time on market continues to fall, but what do the averages tell us about how fast our market really is?
Earlier this week, we reported that nationwide, time on market has fallen seven days in the last year to an average of 55 days, and that 37 percent of recent home sales were on the market for less than a month.
With housing inventory still tight, though, and the spring homebuying season upon us, how do those numbers look here in our local market? To get a better idea, we went through some interesting research by the folks at Trulia, who looked at what percentage of listings in a given metro area were still active on the market after two months.
What did they find? Check out our graph below to find out: