{"id":3594,"date":"2012-09-10T14:49:20","date_gmt":"2012-09-10T14:49:20","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=3594"},"modified":"2012-09-10T14:49:20","modified_gmt":"2012-09-10T14:49:20","slug":"homes-are-selling-faster","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/homes-are-selling-faster\/","title":{"rendered":"Homes Are Selling Faster"},"content":{"rendered":"

Homes Are Selling Faster.<\/h2>\n
\"Homes<\/a>

Homes Are Selling Faster<\/p><\/div>\n

Sales are quickening their pace as the time to sell a home decreases and falls more in line with a \u201cbalanced\u201d housing market, according to new research by the National Association of REALTORS\u00ae.<\/p>\n

The median time a home listed for sale was on the market in July was 69 days, down from 98 days one year earlier. Broken down further, one-third of homes purchased in July were on the market for less than a month, and one in five of homes purchased in July were on the market for at least six months.<\/p>\n

\u201cAs inventory has tightened homes<\/strong> have been selling more quickly,\u201d says Lawrence Yun, NAR\u2019s chief economist. \u201cA notable shortening of time-on-market began this spring, and this has created a general balance between home buyers and sellers in much of the country. This equilibrium is supporting sustained price growth, and homes that are correctly priced tend to sell quickly, while those that aren\u2019t often languish on the market.\u201d<\/p>\n

By the end July, a 6.4-month supply of homes<\/em> were on the market at the current sales pace. That is 31.2 percent below year-ago levels, when there was a 9.3-month supply.<\/p>\n

With supplies of homes<\/span> tighter, economists expect home prices to continue their trend upward.<\/p>\n

\u201cOur current forecast is for the median existing home price to rise 4.5 to 5 percent this year and about 5 percent in 2013, which is somewhat stronger than historic norms because of the inventory shortfall that is most pronounced in the low price ranges,\u201d Yun says.<\/p>\n

Source: National Association of REALTORS\u00ae<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Homes Are Selling Faster. Sales are quickening their pace as the time to sell a home decreases and falls more in line with a \u201cbalanced\u201d housing market, according to new research by the National Association of REALTORS\u00ae. The median time a home listed for sale was on the market in July was 69 days, down … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-3594","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nHomes Are Selling Faster - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"Homes Are Selling Faster. \u201cAs inventory has tightened homes have been selling more quickly,\u201d\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/homes-are-selling-faster\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/homes-are-selling-faster\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/homes-are-selling-faster\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Homes Are Selling Faster\",\"datePublished\":\"2012-09-10T14:49:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/homes-are-selling-faster\\\/\"},\"wordCount\":271,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/homes-are-selling-faster\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2012\\\/09\\\/Shaking-Hands-Over-Sold-Sign-300x199.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/homes-are-selling-faster\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/homes-are-selling-faster\\\/\",\"name\":\"Homes Are Selling Faster - 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