Homes today spend an average time of 21 days on the market-far shorter compared to median of 11 weeks five years ago, as outlined by new data from the National Association of REALTORS®. “The inventory shortage and the growing economy and job creation has increased the interest in home buying,” says NAR Chief Economist Lawrence Yun. “There is just not enough inventory; people need to fight over the few homes available on the market.” Find out here
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