Has it sold yet?

By
Real Estate Agent with Atlanta Communities 303302

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!

Posted by

Peter den Boer, Associate Broker, Realtor

Atlanta Communities Real estate Brokerage

 

Ph. 770.713.1545

www.denboerhomes.com

 

I write about daily life as a Realtor in the Towne Lake Community in Woodstock Georgia.

Comments (2)

Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Peter - everyday life and real estate seem to create a different view of reality depending on the individual.  Questions are asked.  Answers  provided.  Sometimes, the conversation continues and a connection begins.  And at other times, it's onto the next person or the next topic.  Life is always interesting.  

Dec 05, 2022 06:48 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Peter- Sellers have been used to Low or no DOM and multiple offers. It's time to take a step back and get some perspective on the adjusted market. 

Dec 05, 2022 05:56 PM