More Homes Selling Faster in 2017


More Homes Selling Faster in 2017
By Scott Rogers • May 5, 2017
OK -- so -- a few things going on here. The graph above shows the percentage of homes that sold in the first four months of this year (and last year) that went under contract within 14 days. The "quick sales" if you will. As you can see, more homes (31%) are going under contract quickly this year as compared to last year (22%). Then, one thing this does mean and does not mean. This DOES mean that almost one-third of homes that sell go under contract within 14 days. So -- as a buyer, you need to be ready to act quickly. This DOES NOT mean that one-third of all homes that are listed go under contract within 14 days. Many homes sit on the market for some times, and some even never sell. It's a fast paced market thus far this Spring, and I expect that will continue through the Spring and into the Summer! Receive Updates by Email Recent Articles: The Increasingly Difficult Challenge Of Purchasing A Detached City Home 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?
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 25, 2024 (unless otherwise noted).
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