In a fast-moving market, home buyers have to make big decisions quickly. Spend too much time deliberating over whether or not to make an offer and you may just lose your chance. That's been the case in recent years, and certainly during the pandemic. Too few homes for sale combined with a surge of interested buyers meant a good home for sale could be off the market in a matter of days.
That's why it's good news for buyers that inventory has since improved and, according to one recent analysis, so has the amount of time the typical home spends on the market. In fact, the data shows this September was the slowest since 2019, with homes for sale typically spending 55 days on the market. That's two days slower than August and a full week slower than last September. It's also an encouraging sign for buyers hoping for a less stressful – and more successful – home shopping experience.
[Source: PR Newswire]
