If Your House Is Going To Sell, There Is A Very Good Chance It Will Be Under Contract Within A Month


If Your House Is Going To Sell, There Is A Very Good Chance It Will Be Under Contract Within A Month
By Scott Rogers • September 17, 2021
So, you're thinking about putting your house on the market? And you're wondering how long it will take to go under contract? And how long it will take to get to closing? These days the chances are very high that your home will be under contract within 30 days and closed within 90 days -- and that's rounding up quite a bit. As shown above, 78% of homes that sold in the past year were under contract within 30 days. Technically, as per the stat at the bottom (median = five days) we can see that half of the homes that sold were under contract in five or fewer days! So, if you're wondering how the timing of your real estate transaction might play out, per the stats from the past year... Relatively (50%) Likely: under contract within 5 days, closed within 45 days. Very (78%) Likely: under contract within 30 days, closed within 90 days. One caveat, of course, is that your particular home, depending on it's location, price range, how well it is prepared, how well it is priced, how well it is marketed may over or under perform as compared to market norms. 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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