Some homeowners have been waiting for months to put their house on the market because they don’t think people are buying homes right now. Even though the housing market has slowed compared to the frenzy of a couple of years ago, it isn’t at a standstill. Contrary to what many people think, buyers are still active and plenty of homes are selling right now.
According to the National Association of Realtors (NAR), based on the pace of sales right now, just over 4 million homes will sell this year. With some simple math, here’s how that breaks down:
• 4.16 million homes divided by 365 days in a year = 11,397 houses sell each day
• 11,397 divided by 24 hours in a day = 475 houses sell per hour
• 475 divided by 60 minutes in an hour = about 8 houses sell each minute
So, on average, about 11,000 homes sell each day in this country.
If you’d like to know the pace of sales in your specific neighborhood, some of the benefits of selling now, and how to prepare your home for market, let me know. Just know that today’s market is active. Every day you wait, around 11,000 other homeowners are selling. In fact, eight homes sold in the time it took you to read this.
If you’re wondering what Da Vinci’s ‘Lady with an Ermine’ has to do with this article, the answer is nothing. I just really like it, and the marketing gurus say you should always include pictures 😀