How Long Will It Take To Sell My House?

How Long Will It Take To Sell My House?

You want your house to sell fast, and you may be wondering how long the whole process will take. One way to get a clear answer is by working with a local real estate agent. 

They have the expertise to tell you how quickly homes are selling in your area and what factors are impacting timelines for other sellers. This helps you set realistic expectations and develop a plan tailored to today's market conditions.

Here’s a high-level overview of just one of the factors a great agent will walk you through – the supply of homes for sale and how that impacts your process.

The Growing Supply of Homes for Sale

Over the past few months, the number of homes for sale has increased. This is good news for you as a buyer because it means you’ll have more options when searching for your next home. However, it also means buyers have more choices, so if your house doesn’t stand out, it may take a bit longer to sell.

Available inventory consists of new listings (homes that were just put up for sale) and active listings (homes that are on the market but haven’t sold yet). Data from Realtor.com shows that a significant portion of the recent growth in inventory is from active listings that are remaining on the market (see the blue bars in the graph below):

How It’s Impacting Listings Today

Think of the homes on the market like loaves of bread in a bakery. When a fresh batch comes out, everyone wants the newest and hottest one. But if a loaf sits too long, it starts to get stale, and fewer people want to buy it.

The same principle applies to homes. New listings are the freshest and most sought-after. However, if a home isn’t priced correctly, doesn’t show well, or lacks an effective sales and marketing strategy, it can linger on the market and become less appealing to buyers over time.

An Agent Will Help Your House Stand Out and Sell Quickly

Timing is important to you. You want to get this done fast. By leaning on a pro, they’ll make sure your listing is fresh and doesn’t stick around long enough to go stale. As the National Association of Realtors (NAR) explains:

“Home sellers without an agent are nearly twice as likely to say they didn’t accept an offer for at least three months; 53% of sellers who used an agent say they accepted an offer within a month of listing their home.”

Your agent will factor the recent inventory growth into their plan and create a customized selling strategy for your house. The supply of homes for sale can vary significantly by area. So they’ll share valuable insights into the local market, help you price your home correctly, and develop a marketing plan that gets your home noticed.

Don’t let your listing get stale—reach out to a real estate agent today to ensure your listing is fresh and appealing to buyers from the start. It makes a big difference.

Bottom Line

If you want your house to sell fast, you need to work with a pro. Let’s connect so you have someone who understands the current market trends and knows how to build a strategy around those factors, ensuring your house is set up to sell quickly.