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

6. Seattle-Bellevue-Everett, Wash.

Average no. of days on market: 45
Median home price: $350,000 (17th highest)
Population: 3,439,809 (21st highest)

The Seattle metropolitan area has a population of more than 3.4 million people, yet only 6,486 homes available for sale. With such conditions, it is not surprising that homes will get snatched up pretty quickly. Houses sit just 45 days on average on the market, which is down nearly 34% since last year. Seattle has shown signs of a recovering housing market. The median home price of $350,000 is up almost 13% since last year, one of the 10 highest increases. Only 0.51% of homes in the area are in foreclosure, the second lowest on this list after Anchorage. The unemployment rate of 7.40%, well lower than the U.S. rate of 8.2%, helps give the housing market a boost.
(AP Photo)

More From 24/7 Wall St.:
Fastest-Growing Cities in America
America's Sickest Housing Markets
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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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