A record numbers of homebuyers are scrambling to snatch their preferred houses off the market amidst stiff competition, and Boston buyers are no exception. According to a recent Realtor.com study, Boston is the third hottest housing market in America.

The report analyzed how quickly homes fly off the market in each city, as well as the levels of competition between buyers. Cities with faster sales and more competition, such as having a high number of properties that sell for more than the asking price, took a higher spot on the list.

Boston’s increasingly low inventory paired with a steep median home value of $419,000 has only made it more challenging to acquire property there. In fact, Boston’s third-place ranking this month was a leap upward from its sixth-place ranking in April — an indicator that buyer competition shows little signs of slowing down anytime soon. (Newton and Cambridge were included in the Boston metro area for this study.)

For the first time ever, one in three U.S. homes is selling in under 30 days. According to the report, the median age of Realtor.com-listed properties is now 60 days; in other words, properties are now selling five days faster than they were at this time last year.

While the news is promising for the sellers on a national level, this doesn’t necessarily mean good news for people who hope to buy homes in cities like Boston. As of January 2017, the average Boston property sold an astounding 32 days faster than it did at the start of 2016. For now, those hoping to purchase a place in the city might have better luck renting instead — or simply searching elsewhere.

“With a record number of home buyers out there, this is officially the most competitive, fastest-moving spring housing market in decades,” Javier Vivas, manager of economic research at Realtor.com, said in a statement.