Where Are Homes Selling the Slowest and Fastest Across the U.S.?

In January, it took homeowners a median of 56 days to find a buyer for their properties, according to data from Redfin.

That’s the longest time frame since January 2020, before the pandemic, and seven days more than last year’s median.

Despite the prominence of the South Florida market in recent years, homes are trading hands the slowest in Fort Lauderdale  – where they spent 92 days on the market. Miami followed, with homes lingering for 89 days on the market.

Rounding out the top five were Austin (87 days on the market), West Palm Beach (87) and Honolulu (84).

Four of the top 10 slowest-selling locations are in Florida, and all except Hawaii are in the South.

Perhaps surprisingly, buyers are snapping up homes the fastest in Rochester, N.Y. Properties are lasting just 13 days on the market there. Nearby Buffalo is also a hot metro for home buyers, where homes are on the market for 16 days.

Allentown, Pa., Albany, N.Y., and Richmond, Va. fill out the rest of the top five fastest-selling metro areas, with deals closing in 24, 25, and 27 days, respectively.

Among the top 10 fast-selling locales, four are located in New York state.

Here is Redfin’s list of the top 10 slowest-selling metros: