The time it takes to sell a home is shrinking. In fact, the selling period is now in the range of historic norms for healthy market conditions. The median time a home was listed for sale on the market was 69 days in July, down 29.6 percent from 98 days in July 2011, according to a recent report from the National Association of Realtors.
The median reflects a wide spectrum; one third of homes purchased in July were on the market for less than one month, while one in five was on the market for at least six months. Lawrence Yun, NAR chief economist, said there is a clear relationship between inventory supply and time on market. "As inventory has tightened, homes have been selling more quickly", he said. "A notable shortening of time on market began this spring, and this has created a general balance between home buyers and sellers in much of the country"
With interest rates at historic lows, if you can find the right house, its a great time to "jump in"
The Crawford Home Selling Team is one of the premier real estate teams in NJ. Consistently ranked in the top 100 teams in the country, our motto is treat every client like they are your only client. Give us a call and let us show you what we can do for you!
There are some interesting trends developing in the local Real Estate
"For Gordon Crawford:
Recommended to us by a friend, Gordon and his team of professionals provided the support we needed to first decide we wanted to sell, determine the value of our home, stage it for showing and negotiate a speedy sale. Gordon listened to our concerns and took our feelings and needs into consideration at every turn. His team is the best. They are truly dedicated to their clients. I would use Gordon again and recommend him to anyone without reservation."