List-to-sale time has dropped by 50% since 2010

Real Estate

In yet another sign of the ultra-competitive housing market buyers now face, the time homes spend on the market has never been shorter since the recession began.

The median list-to-sale time, which is the period of time between when a listing is officially posted and when the home is officially sold, was just 64 days, down from 77 a year ago, according to real-estate website Trulia. This figure has consistently dropped every year since 2010.

The figure set this month now represents an all-time low, according to Trulia’s calculations. Premium homes take longer to sell, with a median list-to-sale period of 72 days, while starter homes (59 days) and trade-up homes (57 days) are faster.

Click here for more information: https://www.marketwatch.com/story/the-number-of-days-homes-spend-on-the-market-hits-post-recession-low-2018-06-08