Five Housing Markets On the Rise

In five markets, homes are going under contract in less than two weeks on average, despite a broader national housing market slowdown. Which cities are bucking the trend and why?

A family of four stands outside a house with a for sale sign.
(Image credit: Getty Images)

For almost a year and a half, the housing market has slowed to a crawl as inventory remained low and record-high mortgage rates scared off potential buyers. However, a new report from Redfin shows a subtle rise in new listings, which makes the first increase since July of 2022. And in certain affordable housing markets, listings are flying off the shelf in as little as eight days. 

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Overall RankMetro AreaMedian Days on MarketMedian Home Sale Price
1Albany, NY8$310,000
2Rochester, NY9$235,000
3Grand Rapids, MI9$320,000
4Buffalo, NY11$255,000
5Seattle, WA12$769,990

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Seychelle Thomas
Contributing Writer

Seychelle is a seasoned financial professional turned personal finance writer. She’s passionate about empowering people to make smart financial decisions by combining 10 years of finance industry experience with solid research and a wealth of knowledge. Seychelle is also a Nav-certified credit and lending expert who has explored money topics such as debt consolidation, budgeting, credit, and lending in her work for publications including GOBankingRates, LendEDU, and Credible.