Supply and Demand Showdown: Cities Where Homes Sell Fastest and What It Means for Investors
In the world of real estate, understanding supply and demand is crucial for making informed investment decisions. In this analysis, we'll explore the cities where homes sell fastest and what it means for investors. We'll be using data from the home sales velocity and comparing the cities with the highest and lowest sales velocity.
Highest Sales Velocity Cities
| City |
State |
Median Price |
Homes Sold |
Inventory |
Days on Market |
| Virginia Beach |
VA |
${588} |
588 |
1.3 |
30 days |
| Oklahoma City |
OK |
${836} |
836 |
2.8 |
45 days |
| Wichita |
KS |
${478} |
478 |
1.4 |
30 days |
| Katy |
TX |
${531} |
531 |
3 |
45 days |
| Indianapolis |
IN |
${894} |
894 |
2.1 |
30 days |
Looking at the table above, we can see that Virginia Beach has the highest median price, with homes selling for an average of $588. Meanwhile, Oklahoma City has the highest homes sold, with an average of 836 homes sold per month. Wichita has the lowest inventory, with only 1.4 months of supply. Katy has the longest days on market, with an average of 45 days.
Lowest Sales Velocity Cities
| City |
State |
Median Price |
Homes Sold |
Inventory |
Days on Market |
| San Francisco |
CA |
${470} |
470 |
2.7 |
60 days |
| San Diego |
CA |
${463} |
463 |
3.1 |
60 days |
| Washington, DC |
DC |
${557} |
557 |
3.8 |
60 days |
| New York |
NY |
${1339} |
1339 |
6.7 |
60 days |
On the other hand, San Francisco has the lowest median price, with homes selling for an average of $470. Meanwhile, New York has the lowest homes sold, with an average of 1339 homes sold per month. Washington, DC has the highest inventory, with 6.7 months of supply. San Diego has the longest days on market, with an average of 60 days.
In conclusion, the cities with the highest sales velocity are those with the lowest median price and the shortest days on market. Conversely, the cities with the lowest sales velocity are those with the highest median price and the longest days on market. As an investor, it's essential to consider these factors when making informed decisions about the real estate market.
For a more in-depth analysis of the real estate market, check out our article on home sales velocity, where we explore the cities where properties vanish quickly. Additionally, our article on fastest home sales cities provides a data-driven analysis of the cities with the highest sales velocity.
Investment Opportunities
Investors looking to capitalize on the real estate market should consider cities with high sales velocity, such as Virginia Beach and Oklahoma City. These cities offer a high potential for return on investment, with homes selling quickly and at a relatively low price. According to our analysis on top 10 booming US cities, Virginia Beach and Oklahoma City are among the cities with the highest median list prices.
On the other hand, investors looking to avoid risk should consider cities with low sales velocity, such as San Francisco and San Diego. These cities have a lower potential for return on investment, with homes taking longer to sell and at a higher price. According to our article on best US cities for short-term rentals, San Francisco and San Diego are among the cities with the highest demand for short-term rentals.
Ultimately, the key to successful investing in the real estate market is to understand the supply and demand dynamics at play. By analyzing the cities with the highest and lowest sales velocity, investors can make informed decisions about where to invest their money. Additionally, our article on supply and demand in the real estate market provides valuable insights for investors.
