How Long Will it Take to Sell My House?

Looking to sell your house quickly? Understanding the timeline can be challenging, but partnering with a local real estate agent can make all the difference.

A seasoned agent can provide valuable insights into how fast homes are selling in your area and identify factors influencing the selling process. With this information, you can set realistic expectations and collaborate on a plan tailored to the current market.

One crucial element a knowledgeable agent will explain is the supply of homes for sale and how it impacts your sale.

The Expanding Inventory of Homes for Sale

In recent months, the number of homes on the market has increased. This expansion offers you more choices when searching for your next home but also means buyers have more options. If your house doesn’t stand out, it may take longer to find a buyer.

The inventory includes new listings (homes just put up for sale) and active listings (homes already on the market but not yet sold). According to Realtor.com, a significant portion of the recent inventory growth is from active listings that haven't moved (see the blue bars in the graph below).

Impact on Current Listings

Think of the homes for sale like fresh bread at a bakery. Everyone wants the newest, freshest loaf. But if a loaf sits too long, it becomes less desirable and harder to sell.

The same principle applies to homes. Fresh listings attract the most interest. However, if a home is overpriced, poorly presented, or lacks a strong sales strategy, it may linger on the market, becoming less attractive to potential buyers over time.

How an Agent Can Ensure Your Home Stands Out

Timing is critical when selling your house. A professional agent will ensure your listing stays fresh and appealing. The National Association of Realtors (NAR) highlights that:

“Home sellers without an agent are nearly twice as likely to say they didn’t accept an offer for at least three months; 53% of sellers who used an agent say they accepted an offer within a month of listing their home.”

An agent will take the current inventory trends into account and craft a personalized selling strategy for your home. Since the supply of homes varies widely by region, they’ll provide expert insights into your local market, assist with proper pricing, and develop a marketing plan that captures buyers' attention.

Avoid the risk of your listing becoming stale—consult a real estate agent today to ensure your home is attractive to buyers right from the start. This proactive approach makes a significant difference.

Conclusion

If your goal is to sell your house quickly, partnering with a professional is essential. Engage a local real estate agent who understands the latest market trends and can create a strategy that positions your house to sell promptly.