Days on Market is Falling
Homes Sell Quickly Nationwide
The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report. It revealed homes were on the market for an average of 47 days in March. This is down from the 59 days reported in February, as well as the 52 days reported in March 2015.
42% of homes across the country were on the market for less than 30 days!
States with homes selling in 30 days or less are Colorado, Washington, Oregon, Kansas, Alaska and Minnesota. The map below was created by NAR.
Real Estate Bottom Line
Buyer demand is increasing while inventory of homes for sale is low. If you are thinking about listing your home for sale this year, let’s meet up so I can help you take advantage of current market conditions!