How long does it take to sell a home?


Quick Answer

The average time it takes to sell a home depends on several factors that are unique to the home, and homes can sell the same day they're listed or they can languish on the market for months or even years without a buyer. A big indicator of how quickly a home sells is whether the market is a "buyer's market" or a "seller's market."

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How long does it take to sell a home?
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Full Answer

A seller's market is a housing industry condition where the market is favorable to a seller, generally because there are few homes for sale and lots of qualified buyers looking. Likewise, a buyer's market is a condition when the market is more favorable to buyers due to a low interest rates and a large number of homes on the market. Homes usually sell faster during a seller's market because the number of buyers is greater than the number of sellers. In a buyer's market, buyers have a lot more options and can pass up homes that don't meet their specifications and take the time needed to really look at the home before buying.

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