14767 Homes Sold Yesterday Did Yours

Dated: 09/06/2016

Views: 416


14,767 Homes Sold Yesterday… Did Yours? | MyKCM

There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is... If it hasn't sold yet, maybe it's not priced properly.

After all, 14,767 houses sold yesterday, 14,767 will sell today and 14,767 will sell tomorrow.

14,767!

That 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 5.39 million. Divide that number by 365 (days in a year) and we can see that, on average, over 14,767 homes sell every day.

The report from NAR also revealed that there is currently only a 4.7-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 the buyers who are out in the market now 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.

Want to Advertise on this Site?

Latest Blog Posts

What Are Experts Saying About The Rest Of 2020

One of the biggest questions on everyone’s minds these days is: What’s going to happen to the housing market in the second half of the year? Based on recent data on the economy,

Read More

Think You Should For Sale By Owner Think Again

Some Highlights  For Sale By Owner (FSBO) is the process of selling real estate without the representation of a real estate broker or real estate agent. According to the National

Read More

New Index Reveals Impact Of COVID19 On Real Estate

Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate.

Read More

American Lifestyle Magazine July 2020

Now that July is here, the summer season is officially in full swing. The year has been full of ups and downs, giving you a lot of opportunities to be more creative with your time. This issue of

Read More