Median 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.
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.