When preparing to sell your home, one of your first questions might be, “How long will this take?” It’s natural to want a clear picture of the timeline.
While each real estate market has its own dynamics, knowing the national trends can give you a helpful starting point. For a more accurate view of market conditions specific to your area, reach out to a local real estate agent. They have the expertise to explain what’s happening nearby and how it aligns with or differs from national patterns.
Here’s an overview of some key points a skilled agent will discuss with you during that conversation.
An Increase in Homes on the Market Is Impacting the Time They Take To Sell
Realtor.com reports that the number of homes for sale has increased this year, offering buyers more choices—a positive trend for those in the market to purchase a home. However, for sellers, this also means homes are spending a bit more time on the market as buyers take advantage of the expanded selection (see graph below).
In recent years, homes sold quickly largely because there were so few available. Now, with an increase in homes on the market, it’s understandable that they’re not selling as fast. According to Realtor.com, it currently takes about 55 days from listing to closing for a home to sell.
However, it’s important to note that, while sales are slower compared to last year, homes are still selling faster than they did in pre-pandemic years. As seen in the 2017-2019 data in the graph above, it was typical for a home to take 60 days or more to sell, so today’s market remains faster than average.
This is because, even with more homes available, demand still outpaces supply. Homes that are well-presented and priced appropriately are still moving quickly.
Your Agent Can Make Your Home Stand Out
If you want to expedite your move, working with a top local agent is essential. Your agent will guide you through everything—from setting the right price to staging your home for maximum appeal. They’ll also develop a marketing plan to attract buyers and provide valuable insights into the local market, helping you plan effectively and streamline the process.
While homes may be staying on the market a bit longer than before, they’re still selling faster than average. With the right agent and strategy, your home could sell even quicker than you anticipate.
Bottom Line
If you’re considering selling your home, understanding the timeline is essential for planning your next steps. Let’s connect to ensure you can price, market, and sell your home with confidence.
