According to the National Association of Realtors’ (NAR) Existing Home Sales Report, homes were on market for an average of 58 days in December. This was slightly longer than the 54 days in November, but still better than the 66 days experienced in December 2014.
32% of homes across the country were on the market for less than a month!
Colorado, Utah and Delaware led all states as homes are selling in 30 days or less on average. The map below was created using results from NAR’s Monthly Realtor Confidence Survey.
Physicians buying in Utah should keep in mind that to be more attractive to sellers it is a good idea get a full Credit and Income Approval by our team, rather than just getting pre-approved. A pre-approval is at best a 5 minute phone call, a quick look at credit and maybe gathering a W-2 and a pay-stub, and that is not enough to give you the advantage in such a competitive seller’s market. In order to stand out, we suggest clients complete a full Credit and Income Approval. This is when we gather and review all documents as well as run Automated Underwriting for FHA, Conventional, USDA or VA loans. When our team is done with your Credit and Income Approval, it’s like a blank check. You find a home and we’ve got the cash ready for you. Please give Josh Mettle a call at (855) 260-9932 or Contact Us here so we can get started on your Credit and Income Approval and ensure that you have that you have that advantage over other buyers when making an offer on a home.