45 Percent of Properties Were on the Market for Less than a Month in May 2015

Approximately 45 percent of properties were on the market for less than a month when sold (46 percent in April; 41 percent in May 2014), according to the May 2015 REALTORS® Confidence Index Survey.


With tight inventory, properties that closed in May 2015 were typically on the market for a relatively short period of time at 40 days, about the same days as in May but shorter compared to last year’s (39 days in April 2015; 47 days in May 2014).  Short sales were on the market for the longest time at 131 days, while foreclosed properties typically stayed on the market at 56 days. Non-distressed properties were on the market at 38 days.


If you like what you see and think this post would be of interest to someone, please share