According to recently releaseddatafrom theNational Association of Realtors(NAR),the median amount of time a home spent on the market hit an all-time low of only three weeks in 2017.
Strong buyer demand, a good economy, and a low inventory of new and existing homes for sale created the perfect storm to accelerate the time between listing and signing a contract. The time needed to sell a home has dropped substantially since its highest mark of 11 weeks in 2012.
The chart below shows the median weeks on the market from 1987 to today.
If you are a homeowner who is debating whether or not to list your home for sale, know that national market conditions are primed for a quick turnaround! Let’s get together to discuss exactly what’s going on in our area, today!
Author:Mark Hendel - Broker In Charge Phone: 704-909-8688 Dated: January 6th 2018 Views: 68 About Mark: Mark Hendel
Broker In Charge
NC & SC Broker, REALTOR®
As President and Broker-In-Charge for Sk...
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