What Percentage Of Under Contract Homes Actually Sell?


What Percentage Of Under Contract Homes Actually Sell?
By Scott Rogers • January 25, 2010
This was an interesting question from one of my clients --- relative to whether we should take the time to go look at a property that is currently under contract. Their perspective was that if quite a few contracts fall through, it could be worthwhile to go look at an under contract property -- but if most stay together, then maybe not. As it turns out, most homes stay under contract if they go under contract. In 2009, 818 homes went under contract. Only 77 homes came back from being under contract. This contract success rate is a bit lower than past years, but much better than 2006! 2006: 998 homes went under contract, 120 contracts fell through --- an 88% success rate. 2007: 1,118 homes went under contract, 79 contracts fell through --- a 93% success rate. 2008: 882 homes went under contract, 70 contracts fell through --- a 92% success rate. 2009: 741 homes went under contract, 77 contracts fell through --- a 91% success rate. Receive Updates by Email Recent Articles: 953 New Townhomes, Apartments, Detached Homes Proposed On 161 Acres At Quarry Heights A Two Story House With One Story Above Grade Is Not The Same As A Two Story House With Both Stories Above Grade Will You Remove Contingencies From Your Offer In A Multiple Offer Scenario Regardless Of Whether The Competing Offers Have Those Very Same Contingencies? Most Buyers Will Want You To Move Out Of Your Home By The Closing Date Rockingham County May Start Limiting The Pace At Which New Home Communities Can Be Built Every Home Seller Must Find The Appropriate Balance Between Optimal Preparation And Optimal Timing Will The Unique Features Of Your Home Broaden Or Narrow The Buyer Pool? Farmland Behind Houses Does Not Always Remain Farmland Sometimes One Offer Spurs On Additional Offers Indeed, As Mortgage Interest Rates Decline, More Buyers Will Be Able To Afford To Buy Your Home
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Oct 07, 2024 (unless otherwise noted).
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