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 8 $3.8m - $39.5m
Mill Valley 17 $545k - $10.0m
Sausalito 7 $890k - $7.5m
Tiburon 7 $3.7m - $12.9m
Central & North Marin
City # Price Range
Corte Madera 3 $1.2m - $1.7m
Fairfax 4 $599k - $2.5m
Greenbrae 7 $575k - $2.3m
Kentfield 3 $1.8m - $4.0m
Larkspur 6 $449k - $5.0m
Novato 40 $359k - $2.6m
Ross 2 $2.2m - $20.0m
San Anselmo 6 $985k - $3.0m
San Rafael 60 $85k - $6.0m
New Listing

Email Alerts

Subscribe Today!
Have

Questions?

Contact Us Now!