Where Are the Five Fastest-Moving Housing Markets in the U.S.?

Orange County, CA Skyline

EMERYVILLE, CA – Zip Realty reports the fastest-moving housing markets are in the West, based on declines in median days on market. These same metro areas saw a huge increase in the number of homes selling in seven days or less.

The Top 5 Fastest-Moving Housing Markets ZipRealty surveyed are Orange County, CA, San Diego, Sacramento, Los Angeles and Las Vegas. http://bit.ly/Yptt8S

San Diego, CA Skyline

 Orange County, CA

 ·         Median days on market declined 71% from 52 to 15 on a YOY basis as of 3/31/2013.

·         29% of OC housing sells in 7 days or less, a 17 percentage-point increase from the previous year.

·         OC median home prices increased 27% to $495,000 on a YOY basis.

San Diego

 ·         Median days on market declined 59% from 49 to 20 on a YOY basis as of as of 3/31/2013.

·         One-quarter or 25% of San Diego houses sell in 7 days or less, a 13 percentage-point increase from the previous year.

·         San Diego median home prices increased 22% to $390,000.

Sacramento, CA Skyline

Sacramento

 ·         Median days on market declined 57% from 28 to 12 on a YOY basis as of 3/31/2013.

·         Nearly one-third – 30% – of Sacramento houses sell in 7 days or less, an 11 percentage-point increase from the previous year.

·         Sacramento median home prices increased 31% to $210,000.

Los Angeles

Los Angeles, CA Skyline

 ·         Median days on market declined 56% from 52 to 15 in 2013.

·         29% of the homes in LA County sold in 7 days or less, an increase of 17 percentage points from the previous year.

·         LA County median home prices  increased 26% to $307,564

Las Vegas

 ·         Median days on market declined 53% from 28 to 12 in 2013.

·         Nearly one-third, or 30%, of Las Vegas homes sold in less than 7 days, an increase of 11 percentage points from the previous year.

·         Las Vegas median home prices increased 35% on a YOY basis to $148,500.

Las Vegas, NV Skyline

For a complete copy of the company’s news release, please contact:

 Stacey Corso

Public Relations Manager

ZipRealty, Inc.

Office: 510.735.2667

Cell: 415.672.6460

www.ziprealty.com

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