New data reveals that high-end properties are still moving at a brisk pace in Silicon Valley, Seattle, and Nashville.
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It’s not just tech hotspots like Seattle and Silicon Valley that are seeing homes being scooped up at a rapid rate but also smaller, second-tier urban areas. The third fastest-moving market was, Tennessee. Though houses in Music City aren’t moving as briskly as last year, when homes spent a median of 39 days on the market, they’re still being sold in a respectably quick 47 days.
“The intel on the seller’s market is that it is still relatively good for most sellers…when we saw last year, two weeks was a long time last year for the most part. Now we are looking at sometimes two months,” Amanda Peterson of Ashton Real Estate Group of RE/MAX Advantage tells news outletOn the flip side, there are cities where the slowdown is more pronounced and homes are taking longer to sell.
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