Market on Fire with "Flash Sales!"

Posted by The Cascade Team Real Estate on Tuesday, March 19th, 2013 at 11:21am

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Some housing markets are heating up so much that homes are selling in less than 24 hours—also known as a “flash sale.” 

Recently analyzed data from major metro areas using MLS information as well as shared information amoung brokerages between Oct. 1, 2012 and Feb. 26, 2013, reveal which metros are seeing some of the fastest sales. These rankings are based on cities that were seeing a home status going from active to pending in less than a day after being listed. Many of those listings in as little as an hour.

Here are the cities are seeing the most flash sales:

  1. Phoenix: 540
  2. Chicago: 261
  3. Houston: 188
  4. Dallas: 184
  5. Austin: 163
  6. San Diego: 135
  7. Los Angeles: 132
  8. Sacramento, Calif.: 128
  9. Denver: 115
  10. Portland, Ore.: 115
  11. Las Vegas: 100
  12. Baltimore, Md.: 97
  13. Washington, D.C.: 87
  14. Seattle: 87
  15. San Jose, Calif.: 74  


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