15,000 Homes Sold! Want To Sell? Should You? - ComeHomeVirginia.com

Written by Posted On Tuesday, 11 April 2017 10:48

15,014 Homes Sold Yesterday… Did Yours? | Simplifying The Market

15,014 Homes Sold Yesterday… Did Yours?

There are some Northern VA homeowners that have been waiting for months to get a price they hoped for when they initially listed and put their home on the market in Northern VA. The only thing they might want to consider is... If it hasn't sold yet, maybe it's not priced properly; maybe the marketing was improper or insufficient; or perhaps there were needed remodels or repairs that you didn't know you needed.

After all, 15,014 houses sold yesterday; 15,014 will sell today; and 15,014 will sell tomorrow.


That is the average number of homes that sell each and every day in the U.S. housing market, according to the National Association of Realtors’ (NAR)  latest Existing Home Sales Report. NAR reported that sales are at an annual rate of 5.48 million. If you divide that number by the 365 days in most years, we can see that, on an average day, over 15,014 homes sell every day.

The report from NAR also revealed that currently there is only a 3.8-month supply of inventory available for sale. (6-months inventory is considered ‘historically normal’.)

This means that there are not enough homes available...Continue Reading Here

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