Days On The Market Drops To New Low In April

Dated: 06/11/2018

Views: 68

Image title

Days on The Market Drops to New Low in April

   For Sellers, Housing Market Updates, Move-Up Buyers

According to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent on the market hit a new low of 26 days in April, as 57% of homes were on the market for under a month.

NAR’s Chief Economist, Lawrence Yun, had this to say,

“What is available for sale is going under contract at a rapid pace. Since NAR began tracking this data in May 2011, the median days a listing was on the market was at an all-time low in April, and the share of homes sold in less than a month was at an all-time high.”

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 chart below shows the median days on the market from April 2017 to April 2018:

Image title

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!


Blog author image

Charles Juarez

With my expertise in realty for both buying or selling a home in San Antonio, and surrounding areas. You have found the right resource for your real estate needs. Whether you are looking for a new hom....

Latest Blog Posts

Homebuyers Willing To Sacrifice MustHaves In Favor Of Good School Districts

Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts Wednesday August 15th, 2018  First Time Home Buyers, For Buyers, Generation X, 

Read More

Have You Outgrown Your Starter Home

Have You Outgrown Your Starter Home? Tuesday August 14th, 2018  For Buyers, For Sellers, Housing Market Updates, Move-Up BuyersFor many Americans, buying their first

Read More

Are You Thinking Of Selling Your Home

Are You Thinking of Selling Your Home? Competition Is Coming! Monday August 13th, 2018  For Buyers, For Sellers, Move-Up BuyersThe number of building permits issued for

Read More

5 Reasons Mortgage App Are Rejected

FINANCE Powered by5 Mortifying Reasons Mortgage Applications End Up in the 'Reject' PileBy Daniel Bortz | Aug 6, 2018 Peter Dazeley/Getty ImagesPicture this nightmare: You apply for

Read More