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Time on the Market Drops to New Low in 2017

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.

Time on the Market Drops to New Low in 2017 | Simplifying The Market

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!

Source: Click Me


 

Questions, Comments or For more information you can call Christian Penner Branch Manager at 561 316-6800 or email us at TheMortgageTeam@ChristianPenner.com

Approval Hotline: 561- 316-6800

Office Text Line: 561-530-2223

 

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Christian Penner
South Flagler Drive, Suite 800, West Tower West Palm Beach, FL 33401

Buyer Referral Hotline: (561) 316-6800 | Office Text Line: (561) 530-2223

Christian Penner
712 U.S. Highway 1 North #300, North Palm Beach, FL 33408

Buyer Referral Hotline: (561) 316-6800 | Office Text Line: (561) 530-2223

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ChristianPenner.com

https://christianpenner.com/time-on-the-market-drops-to-new-low-in-2017/

Time on the Market Drops to New Low in 2017

The Christian Penner Mortgage Team | Cell/Text: (561) 316-6800

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