What Does 'Days on Market' Reveal?
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Manage episode 156242301 series 1181693
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Considering Selling your Houston area home? Get a market analysis of your home
Considering Selling your Houston area home? Get a market analysis of your home
A lot of people have been asking us lately about how long homes are taking to sell in Houston. We measure this statistic by looking at the average days on market. However, there are actually two numbers to look at. One is the average days on market for all homes, and the other is the average days on market for homes that actually sell.
In the Houston area, homes that are priced properly in the first place typically sell in 14 days or less from the first day the home is put on the market to the seller accepting an offer from a buyer. However, most homes aren’t priced properly from the get-go. The overall average days on market in Houston is 48 days. Many sellers are unrealistic at first about how much they can get for their home, then the home sits on the market for longer than need be.
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