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There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is… If it hasn’t sold yet, maybe it’s not priced properly.

houses-lined-up-for-sale

After all, 14,767 houses sold yesterday, 14,767 will sell today and 14,767 will sell tomorrow.

14,767!

That is the average number of homes that sell each and every day in this country, according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. NAR reported that sales are at an annual rate of 5.39 million. Divide that number by 365 (days in a year) and we can see that, on average, over 14,767 homes sell every day.

The report from NAR also revealed that there is currently only a 4.7-month supply of inventory available for sale, (6-months inventory is considered ‘historically normal’).

This means that there are not enough homes available for sale to satisfy the buyers who are out in the market now in record numbers.

Bottom Line

We realize that you want to get the fair market value for your home. However, if it hasn’t sold in today’s active real estate market, perhaps you should reconsider your current asking price.

Sellers who followed their real estate agent’s advice on pricing sold their house 38 days faster than those who didn’t. Better yet, those sellers often sold for more money – almost $4,000 more for the average house. We’d be happy to give you an estimate of what your home is worth in today’s market. 

Contact us for your FREE, No Obligation Comparative Market Analysis. And if you know of anyone looking to buy or sell a home, we can certainly help with that too. 219-671-1111, www.KimOdegardTeam.com

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