Almost 11,000 houses will be sold today
Some homeowners have been waiting months to put their home on the market because they do not believe people are buying houses right now. If that describes you, know that, while the housing market has declined from its peak a few years ago, it is far from dead. Buyers are still active, and plenty of homes are selling right now, contrary to popular belief.
According to the National Association of Realtors (NAR), based on the pace of sales right now, just over 4 million homes will sell this year. With some simple math, let’s break down what that really means for you:
- 4.16 million homes divided by 365 days in a year = 11,397 houses sell each day
- 11,397 divided by 24 hours in a day = 475 houses sell per hour
- 475 divided by 60 minutes in an hour = about 8 houses sell each minute
So, on average, about 11,000 homes sell each day in this country.
A real estate professional can tell you how many houses are being sold in your community, the incredible benefits that sellers are currently enjoying, and the most crucial things buyers are looking for in your region. You'll utilize this information to adjust how you market your home depending on area trends.
If you've been putting off selling because you don't believe there are any buyers out there, know that the market is active today. Every day you wait, almost 11,000 other homeowners sell their homes. Eight properties were sold in the time it took you to read this. Let's talk when you're ready to sell.