14,904 Homes Sold Yesterday… Did Yours?

    14,904 Homes Sold Yesterday… Did Yours?

    14,904 Homes Sold Yesterday… Did Yours? | MyKCM

     

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    There are some homeowners who are patiently waiting to get the price they hoped for when they originally listed their houses for sale. Something these homeowners might want to take into consideration is the fact that if their homes haven’t sold yet, maybe they’re not priced properly. 

    After all, 14,904 houses sold yesterday, 14,904 will sell today, and 14,904 will sell tomorrow.

    14,904!

    This 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 5.44 million. Divide that number by 365 (days in a year) and we can see that, on average, over 14,904 homes sell every day.

    The report from NAR also revealed that there is currently only a 4.2-month 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 all of the buyers who currently are out in the market 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.

    Courtesy of: Keeping Current Matters, Inc.

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    Amanda Clark

    Amanda’s passion for real estate has been ongoing for many years! After moving to Tucson in 1995, she fell in love with the Old Pueblo. Over the last two decades, she has gained in depth knowledge of Tucson and surrounding areas. Prior to being a real estate professional, she worked in escrow with a local title company. This experience gave her valuable insight into the intricate details of the home closing process. With her own personal home purchases, including corporate relocations, Amanda prides herself in being compassionate and knowledgable about the home buying, selling and relocation process! Whether across town or across the country, Amanda is the expert!

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