In the Rochester, NY metro area, homes typically go under contract just 11 days after being listed for sale, showcasing a fast-paced housing market. In contrast, the Asheville, NC metro area experiences a much slower market, with homes taking an average of 105 days to go pending. This stark difference highlights the varying dynamics of regional real estate markets across the United States. Understanding these differences is crucial for potential homebuyers and sellers as they navigate the complexities of buying or selling a home. For those interested in more insights into the housing market, subscribing to Lance Lambert’s ResiClub newsletter could provide valuable information and updates.
QUESTION: Why do you think there is such a significant difference in the time it takes for homes to go pending between Rochester, NY, and Asheville, NC?
The current housing market bifurcation, as told by one metric
