How Long Will It Take to Sell Your House?

If you’re getting ready to sell your home, you’re probably wondering, “how long is this going to take?” And that makes sense — you want to know what to expect.

Here’s a look at some of the things to consider.

More Homes Are on the Market, and That’s Affecting How Long They Take To Sell

According to Realtor.com, the number of homes for sale has been going up this year. That means there are more options for buyers, which is great news for anyone looking to buy a home. But as a seller, it also means homes are staying on the market a bit longer now that buyers have more options to choose from (see graph below):

One of the big reasons homes sold so fast in recent years is because there were so few of them for sale. And now that there are more houses on the market, it makes sense that they aren’t selling at quite the same pace.

Inventory has increased on Cape Cod. Last September there were 597 homes for sale. This September there were 777.

Cumulative days on market until sale is 44. (Last year it was 34.)

If you look back at 2017-2019 in the graph above, you’ll see that it was typical for a house to take 60 days or more to sell. So, today’s process is still faster than the norm.

But keep this in mind. While homes might not be selling as quickly as they did last year at this time, they’re still selling faster than they did in more normal years in the housing market, before the pandemic.

That’s because, even with more homes for sale, there are still more buyers than available houses.

So, homes that show well and are priced right are the ones selling fast.

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

We Can Help Your Home Stand Out

If you’re looking for ways to make your move happen as quickly as possible, partnering with the right real estate professionals — like us — is key. We can help you with everything from setting the right price to staging your home so it looks its best. We have a successful marketing plan that grabs buyers’ attention and will give you key insights about what’s happening, so you can plan accordingly and make the process go as smoothly as possible.

But remember: while homes might be on the market a little longer than before, they’re still selling faster than the norm. 

Bottom Line

If you’re planning to sell your house, knowing how long it might take is a big part of planning your next steps. Let’s connect so you’ll be able to price, market, and sell your home with confidence. Let’s talk soon…

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Halloween is this Thursday. Please be careful driving later in the day. It’s getting darker earlier and the little ones will be out searching for treats. Thanks.

Mari and Hank

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision.