When you decide to sell your house in the Triangle Area, a pressing question usually arises: “How long will it take?” It’s a valid concern as you plan your next steps.
Local market conditions can vary, but having a grasp of national trends can serve as a helpful reference point. For the most accurate and relevant insights, however, consulting a local real estate agent is crucial. They have the expertise to explain how the local dynamics of the Triangle Area compare to broader trends and what that means for your sale.
Here’s a look at some of the things a great agent will walk you through during that conversation.
More Homes Are on the Market, and That’s Affecting How Long They Take To Sell
Recent data from Realtor.com indicates an increase in the inventory of homes for sale. This growth in available Raleigh properties provides more choices for buyers, which is positive for those looking to purchase. For sellers, however, it means that homes may take slightly longer to sell due to the increased competition (refer to the graph below):
Previously, the scarcity of available homes drove quick sales. Now, with more properties on the market, the pace has moderated. Currently, it takes about 55 days from listing to close, according to Realtor.com.
However, it’s important to note that homes are still selling more quickly than during pre-pandemic years. Historical data from 2017-2019 shows that homes typically took 60 days or more to sell, illustrating that the current market is still performing well by comparison.
The market remains active, with demand generally outstripping supply. Homes that are well-presented and correctly priced continue to sell quickly. As NerdWallet points out:
Overall, though, demand still outpaces supply. This is hardly a mellow market: Good homes sell quickly . . .”
Your Agent Can Help Your Home Stand Out
To maximize your Triangle Area home’s potential for a quick sale, partnering with a knowledgeable local agent is essential. They will guide you through pricing accurately, home staging effectively, and crafting a compelling marketing strategy. This comprehensive approach not only highlights your home’s best features but also aligns with current market conditions to expedite the sale.
While homes may linger on the market for longer periods than in the recent past, they are still selling more swiftly than historical norms. With a strategic approach and the right real estate professional, your home might sell quicker than you anticipate.
Bottom Line
As you prepare to sell your house, understanding the potential timeline is crucial for effective planning. Contact Linda Craft Team Realtors to navigate the selling process with expertise, ensuring your home is priced, marketed, and sold effectively.