Skip To Content

    Time on the Market Drops to New Low in 2017

    Time on the Market Drops to New Low in 2017 | MyKCM

    According to recently released data from the National Association of Realtors (NAR),the median amount of time a home spent on the market hit an all-time low of only three weeks in 2017.

    Strong buyer demand, a good economy, and a low inventory of new and existing homes for sale created the perfect storm to accelerate the time between listing and signing a contract. The time needed to sell a home has dropped substantially since its highest mark of 11 weeks in 2012.

    The chart below shows the median weeks on the market from 1987 to today.

    Time on the Market Drops to New Low in 2017 | MyKCM

    Bottom Line

    If you are a homeowner who is debating whether or not to list your home for sale, know that national market conditions are primed for a quick turnaround! Let’s get together to discuss exactly what’s going on in our area, today!

    Trackback from your site.

    Leave a Reply

    Reviews on Zillow
    2780733
    "Jeff navigated through an extremely challenging situation that involved working with multiple different conflicting parties to get to an agreement and ... more "
    5.0/5.0
    by sbflowers2012
    2757500
    "I am pleased to write here about very energetic, motivated, client oriented, professional and experienced real estate person who helped us in getting ... more "
    5.0/5.0
    by jalpeshc