How Fast Are Homes Really Selling? What Does This Mean For 2014? We Know!

How fast are homes really selling? C.A.R. 2013 Home Seller Survey reported in 2013, half of all homes were on the market for six weeks or less. This is the shortest time homes have sat on the market since 2005. C.A.R. also showed that in 2013 the average weeks on the market for a listing was eight and a half weeks compared to the average listing sitting on the market for twenty-six weeks in 2012.

What does this mean for 2014? According to Fannie Mae’s April 2014 National Housing Survey, Americans outlook towards the housing market continued to improve in April, foreshadowing an increase in the housing activity in the coming months. Of the respondents who believe now is a good time to sell a home increased for the third consecutive month to an all-time high. “These results are in line with our expectations for increased housing activity and gradual strengthening of the housing market going into the spring and summer selling season,” said Doug Duncan, Senior Vice President and Chief Economist at Fannie Mae.

We agree! As top producing real estate agents, we always have the most up-to-date information regarding the real estate economy and future forecasts so you can make an educated decision when deciding to purchase a home or sell your current home. That’s why you should choose us to help you with all of your real estate needs!

Glenn Holtz & Tanya Gabriella

CalBRE #01233684 • CalBRE #01475393
Glenn: 760-518-3511 • Tanya: 760-535-1962 •
7030 Avenida Encinas #100, Carlsbad, CA 92011

An independently owned and operated franchisee of BHH Affiliates, LLC.