If you’re preparing to sell your home, one of the first questions on your mind is likely, “How long will it take?” Knowing what to expect can make the process smoother, especially if you’re planning your next steps. While every market is unique, a look at national trends offers a helpful baseline. For a more personalized outlook, your local real estate agent can provide insights specific to your area, explaining how it aligns or differs from the national market.

More Homes on the Market Are Affecting Sales Speed

This year, the number of homes available for sale has increased, giving buyers more choices. While that’s a plus for anyone looking to buy, it does mean that homes are taking a bit longer to sell as buyers have more options to explore (see graph below):

In recent years, homes sold at record speeds due to limited inventory. Now that there are more homes on the market, it’s natural to see a slight slowdown in sales pace. Currently, it takes around 55 days on average to close on a home after listing, according to Realtor.com.

However, today’s market is still faster than in pre-pandemic years. Looking back at 2017-2019, it was typical for homes to spend 60 days or more on the market. So, despite a recent slowdown, homes are still selling relatively quickly compared to historical norms.

The main reason homes continue to sell steadily is that demand still outpaces supply. Homes that are priced correctly and staged well still attract buyers promptly. As NerdWallet puts it:

“Overall, though, demand still outpaces supply. This is hardly a mellow market: Good homes sell quickly . ..”

Your Agent Will Help Your Home Shine

To sell your home promptly, having a skilled local agent on your side is invaluable. A great real estate agent will help set an optimal price, advise on staging for maximum appeal, and develop a marketing strategy that draws in buyers. They’ll provide insights into your local market so you can tailor your approach and make the sales process as smooth and efficient as possible.

While homes may be on the market a bit longer than last year, they’re still selling faster than in past years. With a strong strategy and the right agent, your home could sell faster than expected.

Bottom Line

If you’re planning to sell, knowing how long it might take is crucial for planning your next steps. Let’s connect to discuss pricing, marketing, and selling your home confidently in today’s market.