14,767 Homes Sold Yesterday… Did Yours?

 

There are some homeowners who have been waiting for months to get the price they hoped for when they originally listed their house for sale. The only thing they might want to consider is if it hasn’t sold yet, maybe it’s not priced properly.

 

That is the average number of homes that sell each and every day in this country, according to the National Association of Realtors (NAR) latest Existing Home Sales Report. NAR reported that sales are at an annual rate of 5.39 million. Divide that number by 365 (days in a year) and we can see that, on average, over 14,767 homes sell every day. The report from NAR also revealed that there is currently only a 4.7-month supply of inventory available for sale, (6 months of inventory is considered ‘historically normal’). This means that there are not enough homes available for sale to satisfy the buyers who are out in the market now in record numbers.

We realize that you want to get the fair market value for your home in Santa Fe. However, if it hasn’t sold in today’s active real estate market, perhaps you should reconsider your current asking price. I would be more than happy to sit down with you to discuss the value of your home in today’s Santa Fe market, that’s what I do, that’s what I love.