A few years back, it wasn’t unusual for an attractive home to be listed for sale on a Thursday and sold before the end of the weekend. The market was frenetic and home shoppers didn’t have much time to deliberate. Buyers had to move fast if they hoped to get an offer submitted before the seller had multiple competing offers already in hand. These days, the market has slowed down. In fact, according to one recent analysis, listings sold in July were on the market an average of 24 days. That’s six days longer than last year at the same time and significantly more time than during the height of the pandemic-era buyers’ boom, when homes for sale sold in days rather than weeks. Naturally, slower sales are good for home buyers, as they mean less pressure and more time to think over a big financial decision. For sellers, it means adjusting expectations and putting in more effort. If sellers want their homes to sell quickly, they’ll have to price them correctly and make them as attractive to buyers as possible. (source)
