In December 2015, the national average for time a house was on the market was 58 days as compared to the 66 days of one year earlier. Fewer days on the market points to the fact that inventories throughout the country are still tight.
But remember, 58 days is just a national average, and the time it took for houses to sell on a state-to-state basis varied. States like Utah, Colorado, and the District of Columbia typically saw houses on the market for less than 30 days and places like California, Texas, and Arizona weren’t far behind, taking an average of 31 to 45 days to sell, according to the Economists’ Outlook blog.
On the other end of the spectrum are states like Missouri, Kentucky, Maine, Vermont, and Wyoming, all with an average time on the market of over 90 days. These numbers come from the National Association of Realtors as they asked their members “For the last house that you closed in the past month, how long was it on the market from listing time to the time the seller accepted the buyer’s offer?”
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