Tuesday 19 March 2013

LA Market Turns Over 50% of Listed Homes in 2 Weeks or Less!

 
Real estate super-site Redfin reports that more than one-third of listed homes were sold within two weeks or less last month, with an average of 34% of homes under contract within 14 days of debuting on the market.  This marks an increase of 3.7% from January and highlights numerous California metros with even higher shares of homes taken off the market within two weeks of listing.  San Jose tops the list with a stunning 63.1% two-week turnover rate, while we in LA posted an impressive 51.3%!

Homeowners are 'springing' into action all over the country, and we need more inventory in all of our major California markets, where year-over-year inventory declines average 48%.  If you've been thinking of selling but hesitate to start the long and arduous process...FEAR NOT!!!  There's a good chance it will only take two weeks!

RELATED ARTICLES

More than One-Third of Listed Homes Sold Within 2 Weeks: Redfin

 

Homeowners 'Springing' into Action, According to Report

 

No comments:

Post a Comment