When To Start Marketing Your Home


When To Start Marketing Your Home
By Scott Rogers • November 20, 2007
As mentioned last week, the amount of homes on the market varies wildly depending on the price range. On a monthly basis I compare the number of homes on the market to the number of homes selling per month to see how long it would take to sell the current inventory. The latest numbers show: $0 - $199,999 = 6 months $200,000 - $349,999 = 8 months $350,000 and up = 22 months One of my astute clients asked the very pertinent question of how these numbers relate to when to start marketing a home. And here's the interesting part --- this shows the average time it took homes to sell in the same price ranges during the past three months $0 - $199,999 = 4.4 months $200,000 - $349,999 = 5.1 months $350,000 and up = 6.5 months As you can see, the trendline is the same (it takes longer for higher priced homes to sell), but in all three price ranges, it hasn't been taking as long as inventory would suggest to sell a home. Aside from the unique nature of any given property, my suggested time frames for when to put a home on the market are currently: $0 - $199,999 = 6 months in advance $200,000 - $349,999 = 8 months in advance $350,000 and up = 10 months in advance Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 24, 2024 (unless otherwise noted).
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