Properties Staying On The Market Longer
According to the recently released October REALTOR® Confidence Index Survey (read it), October of 2013 saw properties taking longer to sell, with a median time on market of 54 days. This number was up from 50 days in September 2013 and from the lowest point of 37 days in June 2013. However, these numbers are still stronger October of 2012's approximately 70 days on market.
Breaking down the October 2013 numbers, the slowest sellers were short sale (93 days on market) and foreclosed properties went more quickly (median of 44 days) while non-distressed properties came in around 53 days. How have the numbers been in your localized market?
Take a look at the helpful graphic below and contact the experts at the Boston Realty Team at 617-987-4811 with any questions!