With a low supply of homes on the market for sale, homes sold faster in February then in any February in the last six years.
Realtor.com reported the median number of days a home was on the market was 98 days in February 2013, down from 123 days in February 2011.
For some markets even 98 days is a long time. In
As expected, the markets with big declines in home listings are the markets with low median market time as buyers can't afford to sit back and wait as the supply shrinks.
If you are in the market to purchase a home and see a home you like, don't hesitate making an offer. The homes you see today could very well be gone tomorrow.