NAR: Homes Selling Faster Than Ever
Source: http://realtormag.realtor.org/daily-news/2017/12/22/nar-homes-selling-faster-ever?tp=i-H43-Bb-1KV-1fGbk-1p-ClFp-1c-1fKvY-wXzg6&om_rid=24611628&Om_ntype=RMOdaily&om_mid=5115
The time homes spent on the market hit an all-time low in 2017 at just three weeks, the National Association of REALTORS® reports. A low inventory of homes for sale mixed with strong buyer demand has helped to keep market times low from 2014 to 2017.
During the height of the housing boom from 2001 to 2005, homes sold within a month of being listed. But as the housing market began to slow in 2006, the median time jumped to six weeks, and then to 10 weeks by 2009.
Tight inventories and a lack of construction of homes has helped to keep homes selling faster in recent years, NAR notes.
Source: “Drop in Time on Market to Sell a Home,” National Association of REALTORS® Economists’ Outlook blog
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Establish in 2005, Empire Appraisal Group, Inc., is Broward County’s leading residential appraisal company as a result of their accurate and reliable appraisals, excellent customer service, and quick turn times. When working with an appraiser, integrity and professionalism are essential, and Empire Appraisal Group has a well-established reputation for providing the best appraisal experience. Daniel Lindeman, the Chief Appraiser, is considered one of the top property appraisers in Florida, with nearly 15 years of expertise and 8,000+ appraisals to his credit.
We ‘specialize’ in helping people who need appraisals for estate purposes, divorce, bankruptcy, FSBO’s and more.
We also work closely with realtors to help establish listing prices, these pre-listing appraisals ensures sellers get top dollar for their home.
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