A hot real estate market can work both ways. Typically, rising prices reflect the improving dynamics of an underlying city, whether from growing employment, rising wages or other factors that increase the quality of life for the city’s residents. However, some markets can get overheated; in a hot housing market, list prices can greatly exceed the median home values in a local area, with sellers looking to make larger profits.
Here’s a look at some of the fastest-selling real estate markets in the country, ranked by average number of days on the market. Other factors GOBankingRates analyzed in the ranking included listing prices and real estate market trends over the prior one- and two-year periods.
Last updated: Feb. 26, 2021
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