Nation's fastest-selling housing market is St. Louis, report says

ST. LOUIS — It's still a seller's market in the St. Louis area, with the average home listing being swiped up by homebuyers within a week of posting. That's why a new ranking puts the St. Louis metropolitan area as the fastest-selling housing market in the U.S.

Financial news, research and analysis source Creditnews Research used Zillow housing data to rank the fastest- and slowest-selling housing markets in the U.S. for September as mortgage rates fell to their lowest level in 19 months.

St. Louis came in at No. 1 for quick-selling homes with the average listing staying on the market for just seven days. Despite this, the timeframe rose from September 2023, when homes spent a median of six days on the market, and the housing inventory rose by 9%. In fact, no metro area saw a decline in the number of days homes stayed on the market since last year.

According to Creditnews, the fastest-selling metros were:

1. St. Louis, with a median of seven days on the market and 2.82 listings per 1,000 residents.
2. Cincinnati, with a median of seven days on the market and 2.26 listings per 1,000 residents.
3. Columbus, Ohio, with a median of seven days on the market and 2.42 listings per 1,000 residents.
4. Hartford-West Hartford-East Hartford, Connecticut, with a median of seven days on the market and 1.8 listings per 1,000 residents.
5. Akron, Ohio, with a median of seven days on the market and 2.53 listings per 1,000 residents.

The slowest-selling metros were all located in southern states, which were some of the hottest housing markets during COVID, according to Creditnews. They include:

1. Cape Coral-Fort Myers, Florida, with a median of 63 days on the market and 14.2 listings per 1,000 residents.
2. McAllen-Edinburgh-Mission, Texas, with a median of 59 days on the market and 2.85 listings per 1,000 residents.
3. Austin-Round Rock-San Marcos, Texas, with a median of 58 days on the market and 4.85 listings per 1,000 residents.
4. North Port-Bradenton-Sarasota, Florida, with a median of 55 days on the market and 6.2 listings per 1,000 residents.
5. Jacksonville, Florida, with a median of 49 days on the market and 4.21 listings per 1,000 residents.

Click here to see the complete rankings.