Days On The Housing Market Drops To New Low

Dated: 06/12/2018

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According to recently released data from the National Association of Realtors (NAR), the median number of days that a home spent on the market hit a new low of 26 days in April, as 57% of homes remained on the market for under a month.

Read on to learn what this means for NJ home buyers and sellers!


NAR’s Chief Economist, Lawrence Yun, opined,

“What is available for sale is going under contract at a rapid pace. Since NAR began tracking this data in May 2011, the median days a listing was on the market was at an all-time low in April, and the share of homes sold in less than a month was at an all-time high.”

Strong buyer demand, a good economy, and a low inventory of new and existing homes for sale created the perfect storm to accelerate the time between listing and signing a contract.

The chart below shows the median days on the market from April 2017 to April 2018:

Days on The Market Drops to New Low in April | MyKCM

Bottom Line


If you’re in the market to buy a home, move quickly before your dream home gets snapped up by another New Jersey home buyer.  If you’re a homeowner debating whether or not to list your New Jersey home for sale, know that national market conditions are primed for a quick turnaround! Contact Team Nest Builder’s Lynn Garafola at 973-222-3777 today to start the process. Liked this article? Check out our blog for loads of helpful information on real estate, home improvement and community events!


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