Using historical data from the NAR, Keeping Current Matters recently put together an interesting chart illustrating the the median weeks on the market from 1987 through 2017. Speaking of last year, the Realtors reported that in 2017 the median amount of time a home spent on the market hit an all-time low of three weeks!
“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.”
Click here to read more on KeepingCurrentMatters.com.
