Time on the market for a property to sell has been declining. According to the latest Realtors® Confidence Index, approximately a third of REALTORS® noted that recently sold properties were on the market for less than a month when sold, and 59 percent were sold within 3 months. The proportion of REALTORS® who responded that the house had been on the market for 6 months or more when sold fell to 19 percent from 28 percent a year ago.
Thirty-Two Percent of Houses Sold in One Month
Search Economists' Outlook