Atlanta Homes Are Selling Faster Than Ever, Study Says

If you’ve seen a “For Sale” sign outside a home these days, there’s a good chance it won’t last long. That’s because homes are selling faster than ever in Atlanta and across the nation.

A new report from Zillow says that homes sold at the fastest pace on record in 2017.  It took 81 days to sell the average home in the United States last year. That’s nine days faster than the previous year. Quick home sales in Atlanta were among the top in the nation, according to Zillow.

Quick-Selling Home Market Heating Up In Atlanta: Zillow

The quickest-selling month was June 2017, according to Zillow, when homes sold and closed all in the span of 73 days. In Atlanta that month, the average home sold in just 71 days.

“As demand has outpaced supply in the housing market over the past three years, buying a home has become an exercise in speed and agility,” said Zillow® Senior Economist Aaron Terrazas. “This is shaping up to be another competitive home shopping season for buyers, who may have to linger on the market until they find the right home but then sprint across the finish line once they do. Being prepared – working with a great agent, getting financing preapproved – can help a buyer make a stand-out offer.”

It remains a sellers market for 2018 as inventory has fallen for 37 straight months, Zillow said.

The fastest-selling market in 2017 was San Jose, Calif., where the typical home sold in 41 days. San Jose also experienced the biggest drop in inventory over the past year, with 26.8 percent fewer homes to choose from than a year earlier. Homes in San Jose sold fastest last year in October, with a span of just 39 days from listing to closing.

Metropolitan Area

2017 Average Days on Zillow

Fastest-Selling Month

Days on Zillow During Fastest-Selling Month

United States

81

June 2017

73

New York / Northern New Jersey

134

July 2017

122

Los Angeles, CA

64

May 2017

59

Chicago, IL

91

June 2017

82

Dallas, TX

55

May/June 2017

49

Philadelphia, PA

97

June 2017

89

Houston, TX

81

April/May 2015

65

Washington, DC

75

May 2017

64

Miami, FL

110

June 2015

97

Atlanta, GA

71

June 2017

63

Boston, MA

72

June 2017

67

San Francisco, CA

43

April/May 2017

41

Detroit, MI

73

June 2017

65

Riverside, CA

74

June 2017

68

Phoenix, AZ

66

October 2017

62

Seattle, WA

47

May/June 2017

42

Minneapolis, MN

69

May 2017

63

San Diego, CA

56

May 2017

52

Saint Louis, MO

74

July 2017

67

Tampa, FL

81

July/August 2017

77

Baltimore, MD

94

June 2017

82

Denver, CO

52

June 2017

47

Pittsburgh, PA

95

July 2017

83

Portland, OR

60

May 2017

51

Charlotte, NC

67

August 2017

61

Sacramento, CA

54

May/June 2017

44

San Antonio, TX

73

June 2017

66

Orlando, FL

86

July 2017

78

Cincinnati, OH

74

July 2017

68

Cleveland, OH

80

July 2017

71

Kansas City, MO

62

July/August 2017

58

Las Vegas, NV

62

August/September 2017

58

Columbus, OH

63

July 2017

57

Indianapolis, IN

73

August 2017

66

San Jose, CA

41

October/November 2017

39

Austin, TX

61

May 2017

53

Zillow

Tee Johnson: Tee Johnson is the co-founder of AtlantaFi.com and as an unofficial ambassador of the city, she's a lover of all things Atlanta. She writes about Travel News, Events, Business, Hair Care (Wigs!) and Money.