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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
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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.
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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
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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.
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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
Follow us on Twitter: @ZipRealty
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