Posted by: jimlyons | August 27, 2013

14,767 Houses Sold Yesterday! Did Yours?


calendarsThere 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 in this hot market, maybe it’s not priced properly.

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 had increased 17.2% over the year before. According to the report, annualized  sales now stand at 5.39 million. Divide that number by 365 (days in a year)  and we can see that, on average, almost 15,000 homes sell every day.

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

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