I normally don’t do things like this, but these stats are too incredible to keep to myself:
Time on the Market for Homes For Sale in Arlington
Of the properties currently under contract:
15% sold in 4 days or less
20% sold in 7 days or less
45% sold in 30 days or less
59% sold in 60 days or less
Why is this too good not to share? Because for people who think the market is slow, or prices are too high, they need to see that things are SELLING. And selling fast! The 40% sitting for more than 60 days – 34% are short sales, 10% are foreclosures, and I would take a guess that the remainder were overpriced for the first 1-2 months they were on the market.