Thirty-Two Percent of Houses Sold in One Month

Time on the market when a property is sold has been declining. Approximately a third of REALTORS® noted in responses to the latest REALTORS® Confidence Index survey 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 26 percent a year ago.