Thinking about selling your home? Keep reading for some good news!
Homes might not be flying off the market quite as quick as they did in those crazy “unicorn” years, but they’re still selling faster than usual.
Let’s dive into some facts. A revealing graph from Realtor.com shows how quickly homes sold each January from 2017 up to now. The term “days on market” tracks the time from when a home is listed until it closes (or is removed from listing). This metric shines a light on the pace of home sales, offering insight into current trends compared to past years. The latest figures show that homes are selling at a quick rate, only outpaced by the unprecedented “unicorn” years of 2021 – 2022.
Realtor.com provides a snapshot of this trend. The website notes that in January 2024, “Homes spent 69 days on the market, which is three days shorter than last year and more than two weeks shorter than before the COVID-19 pandemic.”
So, what does this mean if you’re looking to sell quick? Your home might sell faster than you think. Thanks to lower mortgage rates, more buyers are on the hunt. Yet, there’s still a shortage of homes available. Mike Simonsen of Altos Research adds, “2024 is starting stronger than last year. And demand is increasing each week.”
Here’s the bottom line: now might just be the perfect moment to sell your home. The market is buzzing more than usual for this season! If you’re curious about the latest local market trends and how they could benefit your sale, it’s time to connect with a real estate professional. For detailed insights and personalized advice tailored to your unique situation, reach out to a Surterre real estate specialist. Visit SurterreProperties.com today, and let’s navigate the vibrant market together. Our goal is to make your selling journey not just successful, but also thoroughly rewarding!
