How Long Have Current Active Resale Listings Been On The Market?
Scott P. Rogers
The graph above speaks for itself, but I'll point out a few more things that aren't explicitly referenced above...
76% of currently active resale listings (not new homes) have been on the market for more than a month.
The median days on market of all 121 active listings is 65 days. That is to say that half of the current resale listings on the market have been on the market for 65 or fewer days... and half have been on the market for 65 or more days.
The data above is relative to active listings. Let's contextualize this a bit further by looking at pending listings and then sold listings.
Of the 87 resale homes currently under contract, the median days is 33 days.
Of the 114 resale homes sold in the past 60 days, the median days on market was 17 days.
Of the 894 resale homes that sold in the past 365 days, the median days on market was 7 days.
So...
Active listings = 65 days
Pending listings = 33 days
Sold in past 60 days = 17 days
Sold over past year = 7 days
Days on market -- the time it takes a home to sell -- seems to be drifting upward, at least recently, at least on resale homes.
