31% of Houses Sold in Less than One Month in December 2012

by 30 Jan 2013

(NAR) -- Tight inventory and multibidding have led to shorter days on the market. Based on information gathered from the December 2012 REALTORS® Confidence Index Survey, about 31 percent of REALTORS® who sold a home reported that the property sold in less than a month, compared to 22 percent last year. About 57 percent were sold within 3 months, compared to 47 percent last year. The median days on the market was 73 days.

COMMENTS

  • by Kevin the California home loan guy | 2/1/2013 1:20:06 PM

    Wow! Wonder how many of those were cash deals. I read this past summer 1 out of ever 4 deals in Cali was cash. Lots of investors out there. Hopefully we may see more inventory come spring time.

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