NAR_grey_logo-01

Thirty-Two Percent of Houses Sold in One Month

Time on the market for a property to sell has been declining. According to the latest Realtors® Confidence Index, approximately a third of REALTORS® noted that recently sold properties were on the market for less than a month when sold, and 59 percent were sold within 3 months. The proportion of REALTORS® who responded that the house had been on the market for 6 months or more when sold fell to 19 percent from 28 percent a year ago.

Jed Smith, Managing Director, Quantitative Research

Jed Smith is Managing Director, Quantitative Research with the National Association of Realtors®. He has worked on real estate issues for the past 20 years, providing input on a variety of housing, commercial real estate, tax, and planning issues. Recently he has been involved in several international studies.

More Posts