Silicon Valley Homes Are Selling at the Nation’s Fastest Clip

BAY AREA HOMEBUYERS ARE ADVISED TO ACT FAST THIS FALL
Intense demand for Bay Area real estate amidst a booming job market means that homes have been selling at a brisk pace for the past few years, and that trend continues as summer 2018 nears its end.


Data from the National Association of Realtors says that U.S. homes sold in a median 27 days in July, three days quicker than they did one year ago. Homes sold faster than they did last year in 76 percent of the 500 U.S. metropolitan areas for which NAR tracks data.


San Francisco tied Seattle as the nation’s second-fastest-moving housing market, with homes finding a buyer in 30 days, also quicker than last year. While Vallejo also ranked among the country’s fastest-paced markets this summer, at 36 days, homes there sold slower than they did at the same time last year.


Bay Area homes continued to move quickly in August, selling in as few as 21 days in the East Bay. Read full article @elizabethGkilgore

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