In a monthly REALTORS® Confidence Index Survey, NAR asks REALTORS® “For the last house that you closed in the past month, how long was it on the market from listing time to the time the seller accepted the buyer’s offer?”.
The map below shows the median days on market of respondents about their sales from January 2015-March 2015. Properties sold typically within 45 days in the West Coast states of California, Oregon and Washington whose economies are being fueled by the booming technology start-ups. Properties also typically sold within 45 days in North Dakota, Texas, and Louisiana, which appear to be weathering the slump in oil prices. All real estate is local. State-level data is provided for REALTORS® who may want to compare local markets against the state and national summary.