Homes Are Taking Longer to Sell. Why?

When preparing to sell your house, a common question might be, "How long will this take?" It's a valid concern as you plan your next steps.

Each market varies, but getting a national perspective can provide a baseline. However, for the most accurate insight, partnering with a Graham Team agent will offer you a detailed analysis of your specific local market conditions and how they compare to broader trends.

Market Dynamics and Selling Time

Recent data from Realtor.com indicates an increase in the number of homes available on the market. This expansion means buyers have more options, which is excellent news for them but can lead to slightly longer listing durations for sellers.

Historically, when fewer homes were available, they sold rapidly. Now, with more properties listed, it naturally takes longer to sell—a current home might take about 55 days from listing to close, according to Realtor.com.

Yet, it's essential to note that homes are still selling more quickly than they did pre-pandemic. From 2017-2019, it was typical for homes to remain on the market for 60 days or more. Today's selling process is comparatively quicker, thanks to sustained buyer demand outstripping the supply, even with more homes available.

As NerdWallet puts it, "Overall, though, demand still outpaces supply. This is hardly a mellow market: Good homes sell quickly."

How Your Graham Team Agent Makes Your Home Stand Out

If you aim to expedite your sale, working with a knowledgeable Graham Team agent is crucial. They will guide you in pricing your home correctly, staging it attractively, and crafting a marketing strategy that captivates potential buyers. Your agent will also provide specific insights into your local market, enabling you to make informed decisions to streamline the selling process.

Even though homes may linger a bit longer on the market than they did in the recent past, they are still moving faster than historical norms. With the right Graham Team agent and a solid strategy, your home might sell quicker than you anticipate.

Bottom Line

Knowing the potential timeline for selling your home is crucial for planning effectively. Connect with Graham Team Real Estate Advisors today to understand how to price, market, and sell your home efficiently and confidently.

Graham Team Real Estate • (702) 930-9551 • Team@grahamteamnv.com

3007 W Horizon Ridge Pkwy, Ste. 210, Henderson, NV 89052