Report: Fastest real estate markets slowing down this fall

The real estate markets that were the fastest this spring are seeing a dramatic slowdown, according to an analysis from Redfin, the next-generation real estate brokerage. As the housing market heated up this spring there were fourteen metro areas around the country where half or more of the homes that were listed for sale between March 5 and April 29 went under contract within two weeks. By mid-September, every single market saw its share of homes selling that quickly fall to below 50 percent, with spring’s fastest markets, namely Seattle and San Jose, California, seeing the largest declines, falling by more than 35 percentage points since spring and over 20 percentage points from a year earlier.