USA Today reported in their article, ‘Homes selling faster as buyers outpace supply” that homes sold faster last month than in any February since 2007.
USA Today March 17, 2013, Excerpt:
“Homes were on the market for a median of 98 days last month, down from 123 days in February 2011, according to Realtor.com. That means half the homes listed for sale in February were on the market for less than 98 days and half for more than that.
Even 98 days is long for many markets.
In Oakland, homes spent just 14 days on the market last month before they went under contract or were pulled off for other reasons, Realtor.com data show. In Sacramento — just 21 days.
“Things are flying off the market,” says Barbara Hendrickson, of Red Oak Realty in Berkeley, Calif., near Oakland.”
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