Days on The Market Drops to New Low in April

Days on The Market Drops to New Low in April | MyKCM

According to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent on the market hit a new low of 26 days in April, as 57% of homes were on the market for under a month.

NAR’s Chief Economist, Lawrence Yun, had this to say,

“What is available for sale is going under contract at a rapid pace. Since NAR began tracking this data in May 2011, the median days a listing was on the market was at an all-time low in April, and the share of homes sold in less than a month was at an all-time high.”

Strong buyer demand, a good economy, and a low inventory of new and existing homes for sale created the perfect storm to accelerate the time between listing and signing a contract.

The chart below shows the median days on the market from April 2017 to April 2018:

Days on The Market Drops to New Low in April | MyKCM

Bottom Line

If you are a homeowner who is debating whether or not to list your home for sale, know that national market conditions are primed for a quick turnaround! Let’s get together to discuss exactly what’s going on in our area, today!

Post a Comment

Current Homes for Sale
Southern Marin
City # Price Range
Belvedere 16 $3.0m - $29.5m
Mill Valley 61 $549k - $6.6m
Sausalito 33 $500k - $5.9m
Tiburon 35 $675k - $17.8m
Central & North Marin
City # Price Range
Corte Madera 17 $770k - $27.5m
Fairfax 8 $685k - $4.5m
Greenbrae 8 $579k - $2.4m
Kentfield 8 $995k - $5.5m
Larkspur 12 $479k - $3.8m
Novato 78 $345k - $3.2m
Ross 8 $3.7m - $43.0m
San Anselmo 16 $979k - $6.0m
San Rafael 79 $95k - $6.0m
New Listing

Email Alerts

Subscribe Today!
Have

Questions?

Contact Us Now!