In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “For the last house that you closed in the past month, how long was it on the market from listing time to the time the seller accepted the buyer’s offer?”
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Amid strong demand and tight supply, properties sold in March 2017 were typically on the market for a shorter period compared to one year ago. The median days on market was 34 days (45 days in February 2017; 47 days in March 2016), based on the March 2017 REALTORS® Confidence Index Survey Report.
[bctt tweet="Properties Typically Sold Faster at 34 Days in March 2017 Amid Tight Supply"]
Properties that sold in January–March 2017 were typically on the market for less than 31 days in 12 states and in the District of Columbia. Looking at the values over the last few years, in most states the median length of time that properties stay on the market has trended downwards, though the graphs also show that days on market in some states fluctuates seasonally.
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