Homes Selling Faster than in Past 3.5 Years

sold_sign_agent_holdingAccording to RisMedia, homes are selling faster across the country than they have in three and a half years. Data based on a three month average shows the average time homes are on the market has dropped nationwide to just 8.6 weeks. December of 2012, homes sat on the market 12.1 weeks before selling and just this May homes averaged 9.2 weeks.

What does this mean for home sellers? It means if you’ve been on the fence about trying to sell, NOW is the time. Home values are way up, inventory level are way down, and loan rates are starting to climb. Don’t wait until next Spring, list now and be in your new home by the holidays! Want a free home market analysis? Email us at info@PetersenPartners.com

Posted in RE News.

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