14,986 Homes
Sold Yesterday… Did Yours?
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14,986 Homes Sold
Yesterday… Did Yours?
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 14,986
houses sold yesterday, 14,986 will sell today and 14,986 will sell tomorrow.
14,986!
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 5.59 million. Divide that number by 365 (days in a year) and we can see
that, on average, over 14,986 homes sell every day. The report from NAR also
revealed that there is currently only a 4.0-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.
SOURCE: those smart guys at KCM.COM
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