Some homeowners have been waiting months to sell their houses because they don’t think people are buying homes. If that’s you, know that even though the housing market has slowed compared to the frenzy of a couple of years ago, it isn’t at a standstill. Contrary to your belief, buyers are still active, and many homes sell.
According to the National Association of Realtors (NAR), just over 4 million homes will sell this year based on the pace of sales right now. With some simple math, let’s break down what that means for you:
- 4.16 million homes divided by 365 days in a year = 11,397 houses sold each day
- 11,397 divided by 24 hours in a day = 475 houses sold per hour
- 475 separated by 60 minutes in an hour = about eight houses sold each minute
So, on average, about 11,000 homes sell each day in this country.
A real estate expert can give you more information about how many houses are being sold in your neighborhood; the fantastic advantages sellers are experiencing right now, and the most important things buyers are searching for in your area. Together you’ll use this knowledge to shape how you market your house based on local trends.
If you’ve been waiting to sell because you don’t think there are buyers, know today’s market is active. Every day you wait, around 11,000 other homeowners are selling. In the time it took you to read this, eight homes sold. When you’re ready to sell, too, let’s connect.