Days On The Market Drops To New Low In April

Dated: 06/11/2018

Views: 556

via: www.keepingcurrentmatters.com
Days on The Market Drops to New Low in April


According to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent on the market hit a new low of 26 days in April, as 57% of homes were on the market for under a month.

NAR’s Chief Economist, Lawrence Yun, had this to say,

“What is available for sale is going under contract at a rapid pace. Since NAR began tracking this data in May 2011, the median days a listing was on the market was at an all-time low in April, and the share of homes sold in less than a month was at an all-time high.”

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 chart below shows the median days on the market from April 2017 to April 2018:

Days on The Market Drops to New Low in April | Keeping Current Matters

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! Meet with a local real estate agent who can explain to you exactly what’s going on in your area, today!

Blog author image

Michelle Cantrell

Michelle is a native of Southwest Missouri and has twenty-five years of experience in selling real estate in the greater Springfield area! Michelle specializes in all price points, including new const....

Want to Advertise on this Site?

Latest Blog Posts

Keeping Vs Selling Your Home After Transitioning To Assisted Living

Image via PixabayShould You Keep or Sell Your Home After Transitioning to Assisted Living?Moving from the home you have lived in for many decades to an assisted living facility is not easy. It can

Read More

List Of Haunted Houses Trails In The Ozarks

SPRINGFIELD, Mo – Are you ready for haunted house season? Well here is a list of haunted houses and trails around the Ozarks you can visit this month.Haunted Forest- Do you like talking walks

Read More

12 Missouri Pumpkin Patches That Will Make You Ready For Fall

No matter what kind of pumpkin you need, these awesome patches have you covered.With the summer heat out the door and cooler, fall weather on the way, it’s time to break out the flannel and take

Read More

2019 SWMO Real Estate Market Report

OCTOBER 2, 2019The summer heat carried over to the third quarter in the real estate world, keeping up a steady, reliable pace for home buyers and sellers. Inventory is still low, making it a great

Read More