【Zillow】Homes Are Selling Incredibly Fast, Regardless of Price -- Defying Seasonal Norms

• The typical U.S. home sold in just 16 days in September, down from 17 in August and 28 days in September 2019. Among the 50 largest markets, homes sold fastest in Columbus, Cincinnati, Kansas City and Indianapolis (all in five days or less), and slowest in Nashville (36 days),  New York (28), Virginia Beach (28), and San Antonio (27).
• Entry-level and mid-market U.S. homes (priced from $186,000-$344,000) sold fastest, at 14 and 16 days, respectively. The most-expensive U.S. homes ($488,000 and up) took the longest to sell, at 33 days (down from 47 a year ago).
• This year’s housing market is defying conventional seasonal patterns, with the median time a home spent on the market in September — a time when the market usually begins to slow — at its lowest point of the year. The gap between the number of days it took to sell the least-expensive and most-expensive homes in September was also narrower last month compared to late spring than in prior years.

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