Some homeowners have been waiting for months to get the price they hoped for when they originally listed their house for sale. The only thing they might want to consider is… If it hasn’t sold yet, maybe it’s not priced properly.
On average, 15,014 houses sold yesterday, 15,014 will sell today and 15,014 will sell tomorrow.
15,014!
That is the average number of homes that sell each and every day in this country, according to the?National Association of Realtors’ (NAR) ?latest?Existing Home Sales Report. NAR reported that sales are at an annual rate of 5.48 million. Divide that number by 365 and on average, over 15,014 homes sell every single day.
The same report also revealed that there is currently only a 3.8-month supply of inventory available for sale,?(6-months inventory is considered the ‘historically normal’).
This ?means that there are ?not enough homes available for sale to satisfy the buyers who are out in the market now in ?record numbers. Rates are rising, inventory is low and buyers are motivated = Sellers Market!
Bottom Line
We realize that you want to get the fair market value for your home. However, if it hasn’t sold in today’s active real estate market, perhaps you should reconsider your current asking price.
When attempting to sell your home in today’s competitive real estate market, it’s more important than ever to price your home correctly. Request a free Comparative Market Analysis (CMA) for your home.