How Long Will It Take To Sell Your Home?
| Sold within: |
Percentage of Homes |
| 1 Month |
78.5% |
| 2 Months |
15.6% |
| 3 Months |
3.1% |
| 4 Months |
2.1% |
| 5 Months |
0.7% |
| 6 Months |
0 |
| 7+ Months |
0 |
If your property isn't sold within 30 days, a price adjustment should be made!
or you will just sit on the market collecting dust as the market is telling you that there is something wrong with your home, location, style, appeal with relationship to the price you have set. As most properties today are sold within 32 days or less. Most of the time when a property does not sell it is simply that the price is to high for that property and location. Lenders today are just giving away money, and buyers today are taking that money and buying. They are not buying properties that are priced to high, because in the buyers mind today there is a concern that makes them ask the question to themselves of, when is the bubble going to burst? ,and will I be stuck with a grossly over priced property? So the buyer today is even more picky than before, but at the same time will jump on a fairly priced property fast and quickly.
Statistics are based on a Southern California average of homes sold. |
