If you’re holding off on selling because you think no one’s buying in today’s market, here’s a little perspective that might help.
The market isn’t stagnant. While sales were lower last year than in a typical market, around 4.15 million homes still sold (excluding new construction), according to the National Association of Realtors (NAR). And experts expect that number to rise in 2025. That means more people will be on the move this year, and they’ll need homes to buy. Homes like yours.
Even if we only hit last year’s sales pace, here’s what that looks like:
Every Minute Homes Are Selling – Literally
4.15 million homes ÷ 365 days = 11,370 homes sold each day
11,370 homes ÷ 24 hours = 474 homes sold per hour
474 homes ÷ 60 minutes = about 8 homes sold every minute
Think about that. In the time it took you to read this, 8 homes have already sold.
So if you’ve been hesitant to sell because you think buyers aren’t out there, let this reassure you – there are still plenty of buyers looking.
While higher home prices and mortgage rates have slowed things down a bit and kept some buyers on the sidelines, that doesn’t mean the market is inactive. Many buyers are still ready to make a move because life doesn’t wait for the perfect market.
With the right agent guiding you, your home can stand out to those buyers while others are still sitting on the fence, worried that demand has disappeared. Let’s get your house sold.
Bottom Line
On average, 11,000 homes sell every day, and yours could be one of them. In the time it took you to read this, another 8 homes sold.
When you’re ready to make a move, reach out to a trusted local real estate agent to help you craft the perfect strategy.