National Average Days on Market "Homes for Sale"

By
Real Estate Agent with Keyes Realty Treasure Coast, 34986 SL53025721

For those thinking of buying a home, this map is eye opening.  The darkest blue states average days on market homes for sale are there up to 30 days those states include California and Texas.  The next darkest blue including Arizona and Illinois have homes on the market averaging 31 to 45 days.  

My state of Florida and also Georgia and Nevada have an average of 46 to 60 days.  That is double the first group.  Then the states that are showing the gold color have average days on market before coming off market with a signed contract is from 61 to 90 days.  Actually 3 months of inventory is a healthy market in my opinion.  I see that Vermont is the alone state with over 90 days on market.  

So what does this mean for a buyer?  Have your mortgage approval in hand and a nice escrow deposit all ready so you can place an offer on your favorite home.  Low invwentory can cause multiple offer situations where you have multiple offers being presented to the seller.  A professional realtor will prepare and present that offer to the selling side.  They will tell you how to stand out with the right advise to suit your unique situation.  

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Posted by

Debra B. Albert, PA - Keller Williams Realty

772.708.3292 - Ron and Debbie - "Team Albert"

Make The Most of Your Move

 

 

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Topic:
Home Buying
Location:
Florida St Lucie County
Groups:
Addicted to Active Rain
Inspiration Station
Tags:
home buying
chart of days on market nationally
from less than 30 to 90 days
be prepared for multiple offers in some states
inventory getting tight in areas

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Rainmaker
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Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

Good morning Debra,

N.Y. does average 45 to 60 days to close and the number's will be interesting to see with the new rules in place.

Make yourself a great day.

Oct 11, 2015 11:45 PM #1
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Rainmaker
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Debra B Albert, PA - Keyes Realty

Ron and Debbie 772.708.3292
Ask Me About Port St Lucie Real Estate, Resident Since 1980
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