Just over 43 percent of the homes listed for sale in San Francisco metropolitan area were in contract within two weeks of their listing date last month, up from 41 percent in September but down from 46 percent in October 2012.
Listings in San Jose have been moving even faster, with 49 percent of listings in contract within two weeks last month, but that’s down from 54 percent at the same time last year.
Across the 23 metro areas which Redfin measured, the median time it took a listing to go into contract was 31 days last month, down from 43 days at the same time last year, with 28 percent of new listings pending within two weeks versus 23 percent last year.