If you’re preparing to sell your home, one of the key questions on your mind is likely, “How long will this process take?” While each housing market is unique, understanding the national trends can provide a helpful baseline for your expectations. However, for the most accurate information, it’s always best to connect with a local real estate agent who understands your area’s specific conditions.
More Homes Are Hitting the Market, Which Impacts Sale Time This year, the number of homes for sale has been increasing, according to Realtor.com. While this is great news for buyers, as they have more options, it also means that homes are staying on the market a little longer than they did during the housing frenzy of recent years.
Currently, it takes an average of 55 days from listing to closing to sell a home. This may seem slower compared to the peak of the market, but it’s still faster than pre-pandemic years, when it was normal for homes to take 60 days or more to sell.
Even though more homes are available now, buyer demand still exceeds supply. Well-priced homes that are staged effectively continue to sell quickly, even in today’s slightly slower market. As NerdWallet notes, “Good homes sell quickly,” especially when supply is limited.
Your Agent Will Help Your Home Stand Out If you’re eager to sell your home quickly, partnering with an experienced local real estate agent is crucial. They will help you set the right price, stage your home for maximum appeal, and create a marketing strategy to attract buyers. Your agent’s knowledge of local trends will help ensure your home doesn’t linger on the market longer than necessary.
Bottom Line Even though homes may take a little longer to sell compared to last year, they are still selling faster than in previous “normal” markets. By working with a knowledgeable local agent, you can price, market, and sell your home with confidence.