In the monthly REALTORS® Confidence Index Survey
, NAR asks REALTORS® “For the last house that you closed in the past month, how long was it on the market from listing time to the time the seller accepted the buyer’s offer?”
The map below shows the median days on market of respondents about their sales from Feb 2015-April 2015. California and North Dakota were the fastest-selling markets with properties typically sold by 30 days. Properties also sold quickly, typically at 45 in Oregon, Washington, Nevada, Colorado, Texas, Louisiana, and the District of Columbia. Strong demand amid low inventory has caused properties to sell quickly and driven up prices, especially in the West Coast states. All real estate is local. State-level data is provided for REALTORS® who may want to compare local markets against the state and national summary.