Homes are selling at a record-setting pace … again
- The average house sold in May went under contract in just 37 days.
- Homes are selling faster than ever because supply is tight and demand is high.
- Denver led the nation in fastest home sales.
The competition for housing is heating up along with the summer temperatures and continuing to set new records.
The average house sold in May went under contract in just 37 days, that's the fastest reading since Redfin, a real estate brokerage, began tracking the market seven years ago. The previous record, set in April, was 40 days.
Homes are selling…