SAN JOSE, SAN FRANCISCO HOUSING MARKETS FASTEST IN U.S.
More listings in the San Jose and San Francisco metropolitan areas were under contract within two weeks than anywhere else in the U.S. in October, according to data collected by Redfin.
The firm’s study revealed that 48.9 percent of homes in San Jose were under contract within two weeks, followed by San Francisco at 43.1 percent. Redfin estimated that an average of 28.1 percent of homes in the 23 U.S. markets included in the study were under contract within two weeks of being listed.
Homes in San Francisco and San Jose also led the country in terms of shortest amount of time on market. Properties in both regions left the market in an average of 14 days in October, less than half the national study average of 31 days.