Housing Markets on the Move.
When a market’s hot, it’s hot. Typically, that speed demonstrates a high demand for a low supply. In that case, it’s best for home buyers to get pre-approved before they start looking for potential homes because it shows lenders they’re serious about their house hunt.
So, which markets are moving faster than others right now? Nerdwallet, a financial educational company, worked with data from Zillow to rank the 10 fastest-moving housing markets. To conduct the survey, researchers examined the median days houses were listed and the age of inventory.
Cities along the west coast dominated the list, but two Texas cities made it. Coming in ninth, homes in Austin had a median listing of 64.6 days and an inventory age of 53.7. Dallas-Fort Worth ranked fifth, with a median listing of 57.1 days and a housing inventory of 49.3. To see what other cities made the list, click here.