Selling a House Is Easy

In yet another sign of the ultra-competitive housing market buyers now face, the time homes spend on the market has never been shorter since the recession began. The median list-to-sale time, which is the period of time between when a listing is officially posted and when the home is officially sold, is now just 64 days, down from 77 a year ago, according to real-estate website Trulia.

Premium homes take longer to sell, with a median list-to-sale period of 72 days. Starter homes (59 days) and trade-up homes (57 days), on the other hand, sell faster than the average.

It’s the latest sign of a housing market that may be reaching its peak. Median home values increased 8.7 percent on average nationwide from April 2017 to $215,600. That represents the fastest pace of acceleration since June 2006 — right before the start of the housing crisis that triggered the Great Recession — when they rose 9 percent annually.