15,315 Houses Sold Yesterday! Did Yours?

By
Real Estate Agent with eXp Realty, Unique Luxury Living 633140

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.

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Comments (4)

Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Welcome to ActiveRain Allison Gaddy .

Yep, there is not enough inventory - and that's where we can help those sellers to get off the fence! Soon.

Sep 01, 2015 03:10 PM
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

thats a great great perspective. it puts it into focus..why hasnt your house sold?

Sep 01, 2015 03:23 PM
Allison Gaddy
eXp Realty, Unique Luxury Living - Austin, TX
Real Estate Professional, focused on your goals!

Thanks Praful Thakkar

Sep 01, 2015 04:39 PM
Allison Gaddy
eXp Realty, Unique Luxury Living - Austin, TX
Real Estate Professional, focused on your goals!

Thank you MIKE ROCK 

Sep 01, 2015 04:40 PM