Average selling time drops in many major metros, Zillow says

Six years ago, homes took an average 10 months to sell
  • Average time on the market in June was one week faster than last year.
  • At its highpoint in 2011, the supply was a staggering 38 percent higher than it was in June.
  • The average selling time in the U.S. was 78 days until closing, compared to 10 months in 2010.
  • Despite San Francisco's time on the market being the lowest of major metros, inventory rose 4.4 percent.

Diminishing inventory can often force buyers to bump shoulders as they race against the clock to appease sellers. In its June market report, Zillow says the average selling time was one full week faster than last year, further exemplifying how competitive the U.S. market has grown.