Almaden Valley | Time on the Market Drops to New Low in 2017

 

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We know you want to spend less time looking at perhaps hundreds of homes for sale, looking all over. . .just to find that special place, allow our knowledge, experience and passion for Almaden Valley to guide you through the process of finding the right neighborhood that will fit your lifestyle. We strive in making it easier and have a direct path to help you find your dream home. 

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Check out the Almaden Valley Real Estate Market Report here!

 

We are your neighborhood specialists and we are ready to help you.. 

Today I would like to speak to you about Time on the Market Drops to New Low in 2017

 

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.

 

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!

 

Source.. KCM Don Orason Blog

 

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“The real estate market is constantly changing. I would like the opportunity to show you some of the new ways in which you are able to buy, sell and search for new homes”.

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Give us a call at 408–741–9300 before buying or selling your next home.

Don Orason, Owner — Silicon Valley Real Estate Team  

www.siliconvalleyrealestateteam.com