Best and Worst Housing Markets in September

How cities stacked up for five different statistcs

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memphis Best and Worst Housing Markets in SeptemberMedian Days on the Market

Median days on the market, quite simply, is how long a property has been listed. A lot of lingering houses is a red flag, of course, while it’s generally a good sign if houses are quickly hopping off the market.

Best: San Francisco

Again, The City by the Bay is a good place to be. In San Francisco, houses sat on the market for a median time of only 20 days in September — which means half were sold even faster than that. That impressive number was three times faster than the average.

Worst: Memphis

In August, Detroit’s woes were evident in this statistic as well. In September, though, Memphis took Detroit’s place with an average number of 97 days — just over three months. That’s still much better than Motown’s performance in August, though, when the median sat in triple digits.


Article printed from InvestorPlace Media, http://investorplace.com/2012/10/best-and-worst-housing-markets-in-september/.

©2014 InvestorPlace Media, LLC

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