Real estate super-site Redfin reports that more than one-third of listed homes were sold within two weeks or less last month, with an average of 34% of homes under contract within 14 days of debuting on the market. This marks an increase of 3.7% from January and highlights numerous California metros with even higher shares of homes taken off the market within two weeks of listing. San Jose tops the list with a stunning 63.1% two-week turnover rate, while we in LA posted an impressive 51.3%!
Homeowners are 'springing' into action all over the country, and we need more inventory in all of our major California markets, where year-over-year inventory declines average 48%. If you've been thinking of selling but hesitate to start the long and arduous process...FEAR NOT!!! There's a good chance it will only take two weeks!
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