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24/7 Wall St.: American Cities Where Homes Sell Fastest

8. San Jose, Calif.

Average no. of days on market: 45
Median home price: $549,000 (3rd highest)
Population: 1,836,911(39th highest)

California was hit hard during the housing downturn, and San Jose has been no exception. From the first quarter of 2007 to the fourth quarter of 2011, home prices plunged 32.9%. Nevertheless, the median price of one of the 3,621 houses listed is still an impressive $549,000, the second highest of all home values on the list and the third highest of all metropolitan areas surveyed. Buyers should not dawdle either. It takes only 45 days on average to sell a home in San Jose. Possibly contributing to high home prices is high income. While San Jose has a higher-than-average unemployment rate of 8.89%, the median family income is $99,500, the highest of any area on this list.

More From 24/7 Wall St.:
Fastest-Growing Cities in America
America's Sickest Housing Markets
Best Cities for Millennials

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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