There's a growing split in today's housing market. Some homes are selling almost instantly, while others are sitting for weeks.

And for investors, that tells us where demand is strongest. I'm Kathy Fedke, and this is real estate news for investors.

This is Real Estate News with Kathy Fedke. According to a new Zillow analysis, nearly one in five homes nationwide went pending within seven days in February.

That means about 18.5% of listings found a buyer in just one week.

And when homes move that fast, they often sell for more. Zillow says homes that

went pending within seven days were two and a half times more likely to sell above asking price

than the average listing. Above 44% of those fast-selling homes sold over-list price compared to just

17% of all homes.

That tells us one thing clearly.

Buyers are still willing to compete for homes that are priced right, updated, and in strong locations.

But not every listing is seeing that kind of action.

In March, the typical home that sold went pending in 19 days.

Meanwhile, the median active listing had already been sitting on the market for 56 days. That's a 37-day gap, the widest

Zillow is recorded for any March since 2020. This seems to be a more selective market.

Buyers have more choices.

Higher mortgage rates have reduced urgency, and homes that miss the mark on price or condition

are taking much longer to move.

Regionally, the Midwest continues to stand out.

Markets like St. Louis, Cincinnati, and Kansas City had more than three and ten homes sell within a week.

Zillow says relative affordability is helping keep demand steady in those areas. Meanwhile,

some Sunbelt cities are slowing. Austin had just 2.7% of homes sell within seven days.

San Antonio came in at 7.5% and Jacksonville at 8.

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