Mt. Charleston Realty, Inc. Blog

Time on the Market Drops to New Low in 2017

January 27th, 2018 11:03 AM by Tomashowski Team

According to recently released data from the National 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. Bottom Line | 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!
Posted in:General
Posted by Tomashowski Team on January 27th, 2018 11:03 AM

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