Wednesday, May 7, 2014

Faster Sales, More Buyer Traffic

Faster Sales, More Buyer Traffic
Spring Fling? Properties sold faster in March - at a median of 55 days - due to low inventories of homes for sale nationwide, according to the latest REALTORS Confidence Index. The index is based on a survey of more than 3,800 REALTORS about their transactions in March. Short sales were on the market the longest, for 112 days in March compared to 98 days in February, according to the report. Foreclosed homes were on the market for 55 days. About 37% of real estate professionals report that properties sold in March had been on the market for less than a month. In February, 34 % of practitioners reported the same. Buyer traffic was also up in March, watch video to learn more.

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