California leads fast sales among high-inventory states

"California carries 57,065 active listings and a 63-day median time on market. Months' supply is 2.1 and the Altos Market Action Index, a measure of supply versus demand where values above 30 signal a seller's market, is 38.9. The median list price is $775,000. California combines large supply with faster turnover, while Florida and Texas carry heavier inventory with slower sales."

"Florida shows 97,273 active listings with a 91-day median time on market. Months' supply is 3.1 and the Market Action Index is 31.6. The median list price is $484,900. The size of the inventory doesn't yet translate to faster turnover. Texas holds 137,755 active listings and a median 84 days on market. Months' supply is 3.4 and the Market Action Index is 30.4. The median list price is $379,000. Texas remains slower than California despite far more supply."

"For real estate agents, the gap in time on market underscores the importance of pricing and positioning. In faster markets like California, buyers may need quicker decisions, while sellers can expect steadier interest. In slower states, set expectations for longer timelines and emphasize pricing discipline and presentation. For mortgage officers, faster markets tend to drive more preapprovals and time-sensitive closings. Slower markets can lengthen pipelines as borrowers take more time to commit."

California lists 57,065 active homes with a 63-day median time on market, 2.1 months' supply, a Market Action Index of 38.9, and a median list price of $775,000. Florida posts 97,273 active listings, a 91-day median time on market, 3.1 months' supply, a Market Action Index of 31.6, and a median list price of $484,900. Texas holds 137,755 active listings with an 84-day median time, 3.4 months' supply, a Market Action Index of 30.4, and a median list price of $379,000. Georgia and North Carolina show steadier velocity with about 70-day median times and Market Action Indexes above 32. Faster markets drive quicker buyer decisions and more time-sensitive mortgage activity. Realistic pricing, presentation, and expectation-setting remain critical across all markets.

Read at www.housingwire.com