San Diego’s homebuyer speed increased slightly in November from October, while homes took slightly longer to sell, according to Redfin's Fastest Markets Report for November 2013.
In November, 27.8 percent of homes went under contract in two weeks, up slightly from 27.1 percent in October and down from 37.3 percent in November 2012.
Across 23 metro areas, 27.2 percent of homes went under contract in two weeks, up slightly from 26.9 percent in October.
Although homebuyers remain frustrated with the number of desirable homes available for sale, they are ready to move quickly when they find a home they like.
The median number of days a San Diego home spent on the market before going under contract was 23 in November, an increase from 20 days in October and 20 days in November 2012.
While the percent of homes selling in two weeks or less remained steady, homes overall took a bit longer to sell than last month.
For all U.S. homes across the 23 metro markets, the median number of days a home spent on the market before going under contract grew to 34 from 31 days in October.
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