NEWS | SAN DIEGO

Nearly half of SD homes for sale sell in two weeks or less

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Redfin reports that San Diego County’s inventory of homes for sale dropped by 50.1 percent in February 2013 over the like month last year, and that 49.8 percent were sold in two weeks or less.

All of the top performers were in California. San Jose had the quickest under-contract period, with 63.1 percent of those surveyed going into escrow in two weeks or less, followed by San Francisco with 56.6 percent earning the distinction, Ventura at 52.6 percent and Los Angeles at 51.3 percent.

Redfin also tracked 135 “flash sales” last month in San Diego County. Flash sales are those transactions that go into escrow within 24 hours.

Phoenix had the most flash sales in February, followed by Chicago with 261 and Houston with 188.

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