Market Time to Sell a Home
The data is even more interesting – it shows the current number of listings in a price range – and based on monthly sales info – how many months it will take to sell a home in that range. A 6 month supply of homes is a normal market, anything less and it’s a sellers market.. After years of a buyers market, and a few months of low inventory a Sellers market, it’s now officially a sellers Market under $600k ONLY and a glut of homes on the market in the $800k+ range. As always, sellers should price their homes according to the comparable market sales if they wish to sell in less than “average” time.
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