43 Percent of Properties Were on the Market for Less than a Month in July 2015

Properties that closed in July 2015 were typically on the market for at 42 days (34 days in June 2015; 48 days in July 2014), according to the July 2015 REALTORS® Confidence Index Survey Report11 Days on market typically increase after June due to seasonality effects.  Seasonality combined with a slightly slowing market resulted in properties staying on the market for a few more days.

Short sales were on the market for the longest time at 135 days, while foreclosed properties typically stayed on the market at 49 days. Non-distressed properties were on the market at 41 days.

http://economistsoutlook.blogs.realtor.org/2015/09/04/43-percent-of-properties-were-on-the-market-for-less-than-a-month-in-july-2015/

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Realtor with Greg Garrett Realty, actively licensed in the state of Virginia

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