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Some homeowners have been waiting to put their houses on the market because they don’t think people are buying homes right now. If that’s you, know that 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 your belief, buyers are still active, and plenty of homes are selling right now.
The National Association of Realtors (NAR) predicts that over 4 million homes will be sold this year based on the current pace of sales. To understand how this affects you, let’s do some basic calculations.
- 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 eight houses sell each minute
So, on average, about 11,000 homes sell each day in this country.
Consult with a real estate expert to get insights into your neighborhood’s market. Learn about recent sales, seller benefits, and buyer preferences to tailor your house marketing strategy.
Bottom Line
If you’ve been waiting to sell because you don’t think there are buyers out there, know today’s market is active. Every day you wait, around 11,000 other homeowners are selling. In the time it took you to read this, eight homes sold. When you’re ready to sell, too, let’s connect.
