Number of Homes that Sell Every Day
14,986 Homes Sold Yesterday…Did Yours?
Some homeowners have been waiting months to get a price they hoped for when they originally listed their house for sale. They might want to consider this – if it hasn’t sold yet, maybe it’s not priced properly.
After all, 14,986 houses sold yesterday, 14,986 will sell today and 14,986 will sell tomorrow.
This is the average number of homes that sell each and every day in this country according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported sales are at an annual rate of 5.59 million. Divide that number by 365 (days in a year) and we can see that, on average, over 14,986 homes sell every day.
The report from NAR also revealed there is currently only a 4.0-month supply of inventory available for sale. Six months inventory is considered “historically normal”.
This means there are not enough homes available for sale to satisfy the buyers who are out in the market looking to purchase.
Real Estate Bottom Line
I realize you want to get fair market value for your home. However, if it hasn’t sold in today’s active real estate market, perhaps you should reconsider your current asking price.