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Texas cities rank in top ten fastest marketsTexas cities rank in top ten fastest marketshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=56172013-11-26T14:51:00Z2013-11-26T00:00:00Z

TEXAS - Market speed remained steady for the second consecutive month in October, according to brokerage and research firm Redfin. Across 23 metro areas, the percentage of homes that went under contract within two weeks remained flat in October at 28.1 percent.

Houston saw the biggest month-over-month increase in market speed, with a 4.5 point increase in the rate of homes going under contract within 14 days.

Below are the top ten out of 23 markets ranked by percent of new listings under contract in two weeks.

Rank Market Oct. 2013 Oct. 2012
Top Ten Percent of New Listings Under Contract
1 San Jose, Calif. 48.9% 54.3%
2 San Francisco, Calif. 43.1% 46.0%
3 Boston, Mass. 40.2% 13.4%
4 Dallas, Texas 34.6% 20.6%
5 Las Vegas, Nev. 33.9% 11.7%
6 Austin, Texas 32.5% 24.7%
7 Seattle, Wash. 32.2% 32.4%
8 Washington, D.C. 30.9% 30.8%
9 Houston, Texas 30.0% 18.8%
10 Los Angeles, Calif. 29.9% 37.0%


Source: Redfin

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