Monday, July 1, 2013 - Article by: Lender411 Member
Does media answer the question "How long will it take to sell my home?" Not when you need local information. Here's answer specific to Raleigh North Carolina.
When we put our home for sale, we're ready for the buyer to pull to the curb money in hand and make an offer. Unfortunately, buying/selling real estate takes a while. Knowing the local trend helps you plan and provides basis for realistic expectations concerning your real estate agent.
Media usually compares the current month with the prior month or the current month compared with the same month a year ago. Of greater benefit is a full 2-year trend line for homes in your price range and local area.
Because all real estate markets are local, this data reflects the local housing market in Raleigh, NC. National data doesn't help you very much should you be considering either selling or buying a house. In response to this need, I present you the following market analysis.
How Long Will it Take to Sell My Home?
Raleigh July. 2013<p align="center" style="text-align: center;" class="MsoNormal"><span style="font-size: 14.0pt; mso-bidi-font-size: 11.0pt; line-height: 115%; font-family: 'Comic Sans MS'; color: #0070c0;"><img width="604" height="394" alt="How Long Will it Take to Sell My Home? Raleigh July. 2013" src="http://raleighmortgagegals.com/wp-content/uploads/2013/07/2013.07.01_Average_Days_on_Market.png" /> </span></p>
Market divided into four groups:
Red Line: Represents Most Expensive Homes Orange Line: Represents Upper Middle Segment of Market
Green Line: Represents Lower Middle Segment of Market
Blue Line: Represents Least Expensive Homes
SUMMARY: The answer to your question "How long will it take to sell my home? is the trend is toward faster sales. Most expensive homes show the sharpest decline in number of days, but they still take longer to sell than less expensive homes.
The general trend: Except for minor increase during winter months homes are selling faster. The middle of the market sells fastest.
It will take an average of four months to sell your home. The exception is higher-priced homes. These homes average closer to five months. Overall, improvement seen across the board.
Numbers are averages. This means some homes sell more quickly and some take longer. Real estate agents advise that aggressive pricing helps homes sell faster.
I'm known for helping people finance their dream Call me if you're from North Carolina (919) 789-9888 Where people, not computer robots, answer the phone
Kathy Godin, Branch Manager & Award-Winning Loan Officer Originally published: http://raleighmortgagegals.com
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