How Long Will It Take To Sell Your House?

How Long Will It Take To Sell Your House?

As you prepare to sell your house, one of the first questions you’re likely asking is, “How long is this going to take?” That’s completely understandable—you want to know what to expect.

While every market is unique, understanding national trends can provide a solid baseline. For a more detailed insight into real estate conditions in your area, connecting with a local real estate agent is essential. They are well-versed in your local market and can explain what’s happening nearby and how it compares to national trends.

Here’s a look at some of the things a great agent will guide you through during that conversation.

More Homes Are on the Market, and That’s Affecting How Long They Take To Sell

According to Realtor.com, the number of homes for sale has been increasing this year. This means there are more options available for buyers, which is excellent news for anyone looking to purchase a home. However, for sellers, it also means that homes are staying on the market a bit longer, as buyers have more choices to consider (see graph below):

One of the primary reasons homes sold so quickly in recent years was the limited inventory available. Now that there are more houses on the market, it makes sense that they aren’t selling at the same pace. Currently, according to Realtor.com, it takes an average of 55 days from the time a house is listed until it is officially sold and closed.

However, keep this in mind: while homes may not be selling as quickly as they did last year, they are still moving faster than they did during more typical years in the housing market before the pandemic.

If you look back at the years 2017-2019 in the graph above, you’ll see that it was common for a home to take 60 days or more to sell. Thus, today’s selling process is still quicker than the norm.

This is because, even with more homes for sale, there are still more buyers than available properties. Homes that show well and are priced appropriately continue to sell quickly. As NerdWallet explains:

“Overall, though, demand still outpaces supply. This is hardly a mellow market: Good homes sell quickly . . .”

Your Agent Can Help Your Home Stand Out

If you’re looking for ways to expedite your move, partnering with a great local agent is essential. Your real estate agent will assist you with everything from setting the right price to staging your home for maximum appeal. They will also develop a marketing plan that captures buyers’ attention and provide key insights about what’s happening in your specific area, allowing you to plan accordingly and ensure a smooth process.

So, while homes may be on the market a bit longer than before, they are still selling faster than the norm. With the right agent and strategy in place, your house might sell even faster than you expect.

Bottom Line

If you’re planning to sell your house, understanding how long it might take is crucial for planning your next steps. Let’s connect so you can price, market, and sell your home with confidence.