14904 Homes Sold Yesterday The Question Is Did Your House Sell

Dated: September 6 2017

Views: 88

14,904 Homes Sold Yesterday… Did Yours? | Simplifying The Market14,904 Homes Sold Yesterday...... Did Yours ?

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.

Blog author image

Bevia Patrick

Since its inception in 1995, Patrick Team Properties has exemplified a profound commitment to its clients by providing the highest standard of service, integrity and work ethic in the field. Patri....

Latest Blog Posts

More Americans Choose Real Estate As The Best Investment Than Ever Before

For Buyers,Housing Market UpdatesMore Americans Choose Real Estate as the Best Investment Than Ever BeforeAmericans’ opinion on the value of real estate as an investment is climbing. That’s

Read More

Why You Need An Expert To Determine The Right Price For Your House

Why You Need an Expert To Determine the Right Price for Your HouseIf your lifestyle has changed recently and you’re ready to make a move, taking advantage of today’s sellers’ market 

Read More

Maryland Farmers Market Guide 2022

                      Maryland Farmers Market Guide 2022Many farmers markets across Maryland are open for the season. Here are some on PTP's

Read More

Why Summer Is A Great Time To Buy A Vacation Home

Why Summer Is a Great Time To Buy a Vacation HomeYou may be someone who looks forward to summer each year because it gives you an opportunity to rest, unwind, and enjoy more quality time with your

Read More