How Long Are Homes Spending on the Market Before Selling Across the U.S.?

The busy spring housing market is underway across the U.S., made clear by a March-to-April uptick of home sales, new listings, sales prices and more.

A downtick in the number of days homes are spending for sale is an indicator of market momentum, too. In April, homes nationwide spent an average of 40 days on market before selling – four days quicker than March and six days quicker than February.

This is according to the latest REMAX National Housing Report, which aggregated data from 51 metro areas across the country for a clear picture of current real estate trends.

The report underscores how market activity varies greatly by location. Here’s a closer look at places where homes sold quicker, and places where homes sold slower, according to REMAX data from April:

3 cities with the lowest days on market

Washington, D.C.
In the D.C. area, homes spent an average of 13 days on market in April. The median sales price was $605,000 and there was a 15.6% annual increase of new listings.

Baltimore, Maryland
In the D.C. area, homes spent an average of 14 days on market in April. The median sales price was $399,900 and there was a 13.2% annual increase of new listings.

Manchester, New Hampshire
In the Manchester area, homes spent an average of 16 days on market in April. The median sales price was $480,000 and there was a 8.8% annual increase of new listings.

3 cities with the highest days on market

Fayetteville, Arkansas
In the Fayetteville area, homes spent an average of 79 days on market in April. The median sales price was $375,000 and there was a 22.5% annual increase of new listings.

Miami, Florida
In the Miami area, homes spent an average of 78 days on market in April. The median sales price was $520,000 and there was a 0.8% annual decrease of new listings.

Orlando, Florida
In the Orlando area, homes spent an average of 70 days on market in April. The median sales price was $403,000 and there was a 6.1% annual increase of new listings.

Curious about housing conditions in your area – and what they could mean for your home sale or purchase? Get in touch with a local REMAX agent today.

Written by LEAH CURTIS