If you need assistance, please call 602-448-8081

How Long Will It Take To Sell My House?

Tuesday, June 25, 2024   /   by Amy Richardson

How Long Will It Take To Sell My House?

You want your house to sell fast. And you may be wondering
how long the whole process is going to take. One way to get your answer? Work
with a local real estate agent.

They have the expertise to tell you how quickly homes are
selling in your area and what’s impacting timelines for other sellers. That way
you have realistic expectations and can work together to come up with a plan
that’s based on today’s market.

Here’s a high-level overview of just one of the factors a
great agent will walk you through – the supply of homes for sale and how that
impacts your process.

The Growing Supply of Homes for Sale

Over the past few months, the number of homes for sale has
increased. This is good news when you move because it means you’ll have more
options as you search for your next home. But it also means buyers have more to
choose from, so if your house doesn’t stand out – it may take a bit longer to
sell.

The numbers below reflect the Phoenix Metropolitan Area:

 

housing market inventory phoenix

 

Available inventory is made up of new listings (homes that
were just put up for sale) and active listings (homes that were already on the
market but haven’t sold yet). And if you look at Phoenix data below you can see
a good portion of the recent growth is from active listings that are sticking
around (see the orange bars in the graph below):

housing market inventory phoenix

How It’s Impacting Listings Today

Think of the homes on the market like loaves of bread for
sale in a bakery. When a fresh batch of bread is put out, everyone wants the
newest and hottest one. But if a loaf sits there too long, it starts to get
stale, and fewer people want to buy it.

The same goes for homes. New listings are the freshest and
most sought-after. But if a home isn’t priced correctly, doesn’t show well, or
it doesn’t have an effective sales or marketing strategy behind it, it can sit
on the market and become less appealing to buyers over time.

Help Your House Stand Out and Sell Quickly

Timing is important to you. You want to get this done, fast.
By leaning on a pro, they’ll make sure your listing is fresh and doesn’t stick
around long enough to go stale. As the National Association of Realtors (NAR)
explains:

“Home sellers without an agent are nearly twice as likely
to say they didn’t accept an offer for at least three months; 53% of sellers
who used an agent say they accepted an offer within a month of listing their
home.”

Your agent will factor the recent inventory growth into
their plan and create a customized selling strategy for your house. The supply
of homes for sale can vary a lot by area. So they’ll do things like share their
valuable insights into what’s happening with supply in your market, help you
price your home correctly, and create a marketing plan that gets your home
noticed.

Don’t let your listing get stale—reach out to a real estate
agent today to make sure your listing is fresh and appeals to buyers from the
start. It makes a big difference.

Bottom Line

If you want your house to sell fast, you need to work with a
pro. Let’s connect so you’ve got someone who understands the current market
trends and how to build a strategy around those factors, so your house is set
up to sell quickly.

 

 

Source: Real Estate with Keeping Current Matters


  housing market, buyer demand, home selling

Home Smart - Savvy Realty Group
Amy Richardson
6909 W Ray Rd #21
Chandler, AZ 85226
602-448-8081

© 2024 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Amy Richardson - HomeSmart are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. July 20, 2024
This site powered by CINC: www.cincpro.com