Median market listing durations have remained low since summer 2020, indicating a hot market.

Typically, median listing duration declines during the spring & summer months as the housing market heats up. However, 2020 saw a rare break in that trend as durations climbed during the first couple months of the pandemic. After this brief exception, listing durations plummeted, with housing listings averaging ~20 fewer days on the market than pre-pandemic.

Chart: MHP Source: Realtor.com Get the data