Takeaways:

  • Competition in hot markets may be slowing down, according to a recent Trulia research report.
  • Nationally, 63 percent of homes listed for sale on June 17 were still on the market on Aug. 17, which is up a bit from 61 percent for the same period last year.
  • California continues to reign as the state with the fastest-moving markets.

Buyers in hot real estate markets like San Francisco, Seattle, Denver and Salt Lake City usually have to move fast to make an offer, but competition in these markets may be slowing down, according to a recent Trulia research report.

Measuring the share of homes for sale on Trulia from June to August, Trulia found that faster-moving markets had a lower percentage of homes still on the market after two months, while typically slower-moving markets had a higher percentage. Nationally, 63 percent of homes listed for sale on June 17 were still on the market on Aug. 17, which is up a bit from 61 percent for the same period last year.

California continues to reign as the state with the fastest-moving markets, with San Francisco, Oakland, San Jose, San Diego and Orange County making Trulia’s top 10 list of America’s fastest-moving housing markets. In fact, less than 34 percent of homes for sale in the top three San Francisco Bay Area metros remained on the market after two months.

Trulia_FMM_FastList1

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