Compare Listings

National Association of Realtors Reports Time on Market Continues to Decline

One Third of Properties Sold Within One Month of Being on the Market

NAR (National Association of Realtors) recently announced that the time on market for properties before being sold has decreased since June of 2011. A decrease of time on the market for sold properties indicates a healthy real estate market with properties moving more quickly than before.

We analyzed market statistics from My Florida Regional MLS, of Charlotte County homes sold in June 2012  as compared to June of 2011, and noticed a similar trend occurring locally. In June 2011, median days on the market for properties sold in Charlotte County was 83 days. In June 2012, median days on the market decreased to 65 days, a 21.7% decrease from a year ago. We break down the market statistics in the pie charts below, detailing how long sold properties were on the market before being sold.

If you were considering putting your home up for sale, would decreased time on the market encourage you to do so sooner?

Related posts

Punta Gorda Isles Custom Waterfront Pool Home

Brian Helgemo of Five Star Realty will be holding an Open House on Sunday, July 22nd from...

Continue reading

Punta Gorda Isles Harbor Front Condo

Monica Vallee of Five Star Realty will be holding an Open House on Saturday, July 21st from...

Continue reading

Five Star Realty of Charlotte County- Open Houses Sunday July 15

Five Star Realty of Charlotte County- Open Houses Sunday July 15 Five Star Realty of Charlotte...

Continue reading

Join The Discussion