‘Flash Sales’ Grow More Common
Daily Real Estate News | Tuesday, March 19, 2013
Some housing markets are heating up so much that homes are selling in less than 24 hours—also known as a “flash sale.”
Real estate brokerage Redfin recently analyzed MLS and additional housing data between Oct. 1, 2012 and Feb. 26, 2013, to reveal which metros are seeing some of the fastest sales. Redfin based its rankings on cities that were seeing a home status going from active to pending in less than a day after being listed.
Redfin revealed the following Top Ten cities are seeing the most flash sales:
Phoenix: 540
Chicago: 261
Houston: 188
Dallas: 184
Austin: 163
San Diego: 135
Los Angeles: 132
Sacramento, Calif.: 128
Denver: 115
Portland, Ore.: 115
Source: Redfin
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