At least half of the properties sold between March and May in Texas were on the market for 30 days or less, according to the latest REALTOR® Confidence Index Survey Report.
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?”
Nationally, properties sold in May 2016 were typically on the market 32 days (40 days in April 2016; 39 days in May 2015). Short sales were on the market for the longest time at 103 days, while foreclosed properties typically stayed on the market for only 51 days. Non-distressed properties were typically on the market for 30 days.
Read more at the National Association of Realtors Economists’ Outlook Blog.