More Homes Selling Faster in 2017

OK -- so -- a few things going on here.  The graph above shows the percentage of homes that sold in the first four months of this year (and last year) that went under contract within 14 days.  The "quick sales" if you will.  As you can see, more homes (31%) are going under contract quickly this year as compared to last year (22%).

Then, one thing this does mean and does not mean.

This DOES mean that almost one-third of homes that sell go under contract within 14 days.  So -- as a buyer, you need to be ready to act quickly.

This DOES NOT mean that one-third of all homes that are listed go under contract within 14 days.  Many homes sit on the market for some times, and some even never sell.
 
It's a fast paced market thus far this Spring, and I expect that will continue through the Spring and into the Summer!