For several years homes have been selling within minutes of hitting the market. The low inventory of homes and low interest rates drove buyers into a near frenzy, competing with one another and pushing up home prices. Home sellers got used to homes selling the day their homes hit the market. How times have changed.
I was asked several months ago buy another agent what was wrong with a listing of mine. Why had it been on the market so long? At the time the home had "Languished on the market" for 7 days. 7 days. A week. The home was in a smaller market and the industry was returning to more normal conditions. There was nothing wrong with this listing, just the market re-adjusting.
Now, average selling times in my area, the northern suburbs of Atlanta are running 30 days or more. Egads! The Horror! Nope, this is closer to the long term averages for homes on the market. We are adjusting back to a more normal market.
So, if you are looking to sell your home this coming year, we are still getting good offers and homes are selling. Just not in hours. And remember, your home has appreciated greatly in the past several years, so relax, we have your back!
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