February 8, 2016 by Jeff Lowen
According to the National Association of Realtors’ (NAR) Existing Home Sales Report, homes were on market for an average of 58 days in December. This was slightly longer than the 54 days in November, but still better than the 66 days experienced in December 2014.
32% of homes across the country were on the market for less than a month.
Colorado, Utah and Delaware led all states as homes are selling in 30 days or less on average. The map below was created using results from NAR’s Monthly Realtor Confidence Survey.
The moral of the story…
Buyer demand remains strong. The inventory of homes available for sale remains low. If you are thinking about listing your home for sale this year, let’s get together to talk about how you can take advantage of current market conditions!
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