Where Homes Are Selling the Fastest and Slowest in the U.S.

Homes for sale across the United States are taking longer to sell compared to last year, primarily because high prices and rising mortgage rates have made it harder for buyers to act quickly.

According to Realtor.com, in June, homes spent a median of 53 days on the market before being sold—five more days than the same time last year.

While homes are generally sitting on the market longer, some areas remain highly competitive, and houses there are selling faster compared to last year.

Realtor.com identified trends across major U.S. metropolitan areas to highlight where homes are selling the fastest and the slowest.
 

Cities Where Homes Are Selling the Fastest

Out of the 50 largest metro areas, only eight reported shorter wait times for homes to sell last month compared to a year earlier. These cities include:
 

• Oklahoma City, Oklahoma: Homes sold 4 days faster
• Baltimore, Maryland: Homes sold 3 days faster
• Hartford, Connecticut: Homes sold 3 days faster
• Milwaukee, Wisconsin: Homes sold 3 days faster
• Richmond, Virginia: Homes sold 3 days faster
• Kansas City, Missouri: Homes sold 2 days faster
• Philadelphia, Pennsylvania: Homes sold 2 days faster
• Phoenix, Arizona: Homes sold 2 days faster

These cities are standing out for their competitive housing markets, where buyers are making faster decisions.
 

Cities Where Homes Are Selling the Slowest

Most metro areas—42 out of the largest 50—reported an increase in the time homes spent on the market compared to last year.

Here are the five cities where homes are taking the longest to sell:
 

• Nashville, Tennessee: Homes now take 20 days longer
• Orlando, Florida: Homes now take 15 days longer
• Miami, Florida: Homes now take 15 days longer
• Tucson, Arizona: Homes now take 12 days longer
• Jacksonville, Florida: Homes now take 12 days longer

Much of this trend is driven by slower markets in southern and western regions of the country.
 

Regional Trends

The South and West are seeing the biggest slowdowns, with homes spending more time on the market. In June, homes in the South took 8 days longer to sell than last year, and homes in the West were sitting for 7 additional days.

Meanwhile, markets in the Midwest and Northeast remain more competitive, with homes in those areas selling more quickly: the Midwest only saw a 1-day slowdown, and the Northeast had a small increase of 3 days.
 

Impact of Inventory

Part of the reason for the slowdown is the increase in the number of homes available for sale. Across the country, active listings rose significantly in June compared to last year:
 

• West: Inventory increased by 38.3%
• South: Inventory increased by 29.4%
• Midwest: Inventory increased by 21.3%
• Northeast: Inventory increased by 17.6%

Where inventory has grown the most, home prices are also beginning to drop slightly. For example, median list prices across the country were down 0.8% to 0.9% in June compared to last year, with prices falling the most in the Midwest, West, and South.

In summary, while homes are taking longer to sell in many parts of the country, certain cities and regions remain competitive. Changes in inventory, pricing, and mortgage rates are shaping housing market trends across the U.S.

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