15,315 Houses Sold Yesterday! Did Yours?

By
Mortgage and Lending with AmeriFirst Financial BUYorREFI Team NMLS - 1330840

15,315 Houses Sold Yesterday! Did Yours? | Keeping Current Matters

There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is... If it hasn't sold yet, maybe it's not priced properly.

 

After all 15,315 houses sold yesterday, 15,315 will sell today and 15,315 will sell tomorrow.

15,315!

That is the average number of homes that sell each and every day in this country according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales are at an annual rate of 5.59 million. Divide that number by 365 (days in a year) and we can see that, on average, over 15,315 homes sell every day.

The report from NAR also revealed that there is currently only a 4.8 months supply of inventory available for sale(6 months inventory is considered ‘historically normal’).

This means that there are not enough homes available for sale to satisfy the buyers who are out in the market now in record numbers.

Bottom Line

We realize that you want to get the fair market value for your home. However, if it hasn't sold in today's active real estate market, perhaps you should reconsider your current asking price.

Posted by

 

Michael Beckham
Mortgage Loan Orginator | NMLS 1330840
AmeriFirst Financial, Inc. | NMLS 145368
8476 W. Thunderbird Road, Suite 202, Peoria, AZ  85381

Office: 480-225-6699 | Direct: 480-289-7623 | Fax: 480-339-1635
mbeckham@amerifirst.us | www.buyorrefi.com

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Comments (1)

Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

Wow, never thught of it but that sure is a lot of homes a day. Something to really think about. Have a great week!

Sep 01, 2015 04:22 AM

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