Some homeowners have held off on listing their homes for sale, assuming that the current housing market isn't conducive to selling. If you find yourself in this situation, it's important to know that although the housing market has slowed from the intense activity of previous years, it's far from stagnant. Despite perceptions, buyers are still very much active, and homes are continuing to sell.
According to data from the National Association of Realtors (NAR), the current pace of sales indicates that slightly over 4 million homes will be sold this year. Let's break down what this means in practical terms:
4.16 million homes divided by 365 days in a year = 11,397 houses selling each day
11,397 divided by 24 hours in a day = approximately 475 homes selling per hour
475 divided by 60 minutes in an hour = around 8 homes selling every minute
In essence, an average of around 11,000 homes are sold each day across the country.
An experienced real estate professional can provide you with more precise data on the number of homes being sold in your local area.
They can also explain the distinct advantages that sellers are enjoying in the current market and the key factors that potential buyers are seeking within your specific region. Armed with this information, you'll be better equipped to tailor your home marketing strategy to align with local trends.
If you've hesitated to sell due to a perception of a lack of buyers, it's crucial to understand that the current market is indeed active. While you've been considering, approximately 11,000 other homeowners have successfully sold their properties. As you prepare to sell your home, it's wise to connect with a local real estate agent who can guide you through the process.
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