The spring selling season if off to a strong start, with the average home in March going under contract in 49 days — 11 fewer days than the year before, according to Redfin. Roughly 20% of homes sold last month went under contract within two weeks, with almost 22% selling for more than their listed price.
The combination of low for-sale inventory levels and high demand is driving price growth that has many would-be sellers opting to remain in their homes rather than listing them out of concern that they might not find an affordable replacement in time.
