As you prepare to sell your home, one of the first questions on your mind is likely, “How long will this process take?” That’s completely understandable—you want to have a clear idea of what to anticipate.

Every real estate market has its own characteristics, but getting a sense of the national landscape can provide a useful framework. For a more in-depth understanding of what's going on in your specific area, it's best to reach out to a local real estate agent. They have the expertise to explain local conditions and how they stack up against national trends.

Here are some key points a great agent will discuss with you during your conversation.

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

Realtor.com reports that the number of homes available on the market has been increasing this year. This is positive news for buyers, as it gives them more choices when looking for a new home. However, for sellers, this trend means that homes are taking a little longer to sell since buyers have more options to consider.

One major reason homes sold quickly in recent years was the limited inventory available. Now that there are more homes on the market, it’s only natural that they aren't selling as rapidly. Currently, according to Realtor.com, it takes an average of 55 days from listing a house until it's officially sold and closed.

While homes may not be flying off the market as they did a year ago, they're still selling faster than they did during typical years before the pandemic.

If you check out the graph from 2017 to 2019, you'll notice that homes typically took 60 days or more to sell back then. So, the selling process today is still quicker than what was standard during that time.

There are more homes on the market now, but there are still more buyers looking for them. This means that homes that look good and are priced appropriately are selling quickly. As NerdWallet points out:

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

Your Agent Can Help Your Home Stand Out

If you want to speed up your move, teaming up with a great local agent is essential. They’ll assist you with everything from pricing your home correctly to staging it for maximum appeal. Your agent will also develop a marketing plan that captures the interest of potential buyers and provide you with valuable insights about your local market. This support will help you to navigate the process more smoothly.

Homes may be staying on the market a bit longer than they have in the past, but they're still selling quicker than usual. With the right agent and a solid strategy, your house could sell even faster than you anticipate.

Bottom Line

If you’re thinking about selling your home, understanding the time it will take is crucial for organizing your next moves. Let’s get in touch so you can confidently price, market, and sell your property.