Don't get distracted by YTD average days on market


Don't get distracted by YTD average days on market
By Scott Rogers • May 17, 2012
Some sellers might despair when they see that the average days on market for homes sold thus far in 2012 is a whopping 229 days. Wow! But wait.... Don't despair yet -- the above analysis is based on listings that have sold in the past six months, and you should take note that.... Nearly one-third of the houses that sold did so in less than 90 days. That's 90 days from list date to close date! Nearly another third of the houses that sold did so in the next 90 days. The lesson here is the importance of pricing correctly from the start in order to sell in a reasonable time frame. So....don't despair thinking that you'll likely have to wait 8 or more months for your house to sell...and don't price it so that you will end up waiting that long! 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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