Don't get distracted by YTD average days on market
Scott P. Rogers
Some sellers might despair when they see that the average days on market for homes sold thus far in 2012 is a whopping 229 days. Wow! But wait....
Don't despair yet -- the above analysis is based on listings that have sold in the past six months, and you should take note that....
- Nearly one-third of the houses that sold did so in less than 90 days. That's 90 days from list date to close date!
- Nearly another third of the houses that sold did so in the next 90 days.
The lesson here is the importance of pricing correctly from the start in order to sell in a reasonable time frame. So....don't despair thinking that you'll likely have to wait 8 or more months for your house to sell...and don't price it so that you will end up waiting that long!
