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Columbus, Ohio and Vallejo-Fairfield, Calif.

In May, the metropolitan areas with the fewest days on market and most ® views, according to ’s Market Hotness Index, were Midland, Texas Boston-Cambridge-Newton, Mass. Some have even decided to hold off until inventory conditions start improving, which is actually only exacerbating supply shortages.” “While they’re thrilled that they will immediately find multiple buyers interested in their listing, many fear they’ll have extreme difficulty finding another home to buy. “REALTORS® in many parts of the country say their seller clients are dealing with a seesaw of emotions when deciding to put their home on the market,” says NAR President Elizabeth Mendenhall. “That is why home prices keep outpacing incomes and listings are going under contract in less than a month-and much faster-in many parts of the country.” “Inventory coming onto the market during this year’s spring buying season-as evidenced again by last month’s weak reading-was not even close to being enough to satisfy demand,” Yun says. All told, 58 percent of homes sold were on the market for less than one month. In May, existing homes averaged 26 days on market, one day less than the prior year. Currently, inventory is at a 4.1-month supply.