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Time on the Market Drops to New Low in 2017

By Geva Lester

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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.

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

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