Tight inventory has led to shorter time on the market. The median days on the market fell to 41 days in May (46 in April).
Short-sales had the longest days on market at 79 days (73 days in April) while foreclosed properties were on the market for 43 days (unchanged from April). The median days on the market for non-distressed properties was 39 days (44 days in April ). The information is based on the May REALTORS® Confidence Index (RCI) Survey.
