June 19th, 2018
According to Redfin, the average number of days a for-sale home was on the market in May was only 34 days, down from 36 days a year earlier. This marks the fastest average time on market since 2010 when Redfin started keeping records. What does this mean for you? You have to be pre-qualifying and pre-approving your borrowers quickly and thoroughly so that you are ready to move as soon as their offer is accepted. Speed will be a key player in your success during the summer purchase market.