Survey Shows Homes Are on the Market for Fewer Days

A new survey shows that homes sold in December 2017 were on the market an average of 40 days, continuing the downtrend that started in 2011.

In May 2011, properties were typically on the market for three months. Since, the number of days has dwindled down to 52 days in December 2016 and 40 days in December 2017. The National Association of Realtors' survey data show that for all of 2017, the median days on market was 35 days, and that of the 500 metros tracked by Realtor.com, 78 percent of the areas' days on market dropped.

During October–December 2017, properties sold in less than 31 days in 15 states: Washington, Oregon, California, Nevada, Utah, Colorado, North Dakota, South Dakota, Nebraska, Kansas, Minnesota, Indiana, Kentucky, Rhode Island, and Massachusetts. Properties also sold in less than 31 days in the District of Columbia.

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