According to the National Association of Realtors®, the average time a listing remains on the market is just over one month. That’s down significantly from a year ago.
The report also reveals the average time to close on a home loan was a bit longer — about 8 weeks. That figure is also a bit shorter than in the recent past.
However, one statistic is heading upward: the median price of a home is up nearly 7% from a year ago. All in all, a very healthy market — except perhaps for those who are “sitting it out.”