What is the average length of time a house in Burlington is on the market?

Krystal
Other/Just Looking
Colorado

Answers (3)
Nicole Rafferty
Agent
Greensboro, NC

Krystal that really depends on a number of things. How was the home priced in the begining, was it clean and clutter free for first impressions, is it strongly marketed to all buyers as well as buyers agents? If you do all of those above mentioned items then you should be able to sell under 5 months. There is of course no guarantee's on any home selling but if you market it well and do what needs to be done then you should have no issues. I'd love to help you with your purchase if you don't currently have an agent. Please feel free to email me at ncrafferty@yahoo.com so we can discuss my background and any questions you have about our area. Best wishes!

Fri Oct 31 2008, 07:52
Scott Riggsbee
Broker
Pinehurst, NC

Krystal,

There really is no avg time on market for a whole city. There are typically several different sections of a town or city, and each area will have different avg days on the market. The kicker to this is the property has to be priced appropriately(competitively according to comps in last 3 or 4 months), be in "showing shape" and not have any major issues. Because homes vary so greatly, and because real estate professionals vary greatly, you will probably see a wide range of days on the market.

The best way to get a real picture of the market is to have a professional that is familiar with your area, do a CMA or current market analysis, for your home. They can pull sold comps for your area with the same sq. footage, bedrooms, bathrooms, condition, etc. And really get you a clear picture of what your home should be selling for, and (roughly) how long it should take.

I grew up in Randolph county and had many friends and family around Burlington and Graham. Hope this guides you in right direction.

Scott

Fri Oct 31 2008, 07:51
Jesse B. Dalton
Agent
Raleigh, NC
FIRST ANSWER

Krystal- the answer to your question is a little less straight-forward than you may think. The average days on market (DOM) for homes in Burlington over the course of the last 90 days is going to be about 72 days. However, this number is across all price points and areas of Burlington. The actual number of DOM of properties that have sold in the last 90 days has ranged from 25 days to 261 days. Doing a broad spectrum range of DOM may prove not to be very helpful as the number of DOM is going to be directly affected by many things including price point (and proper pricing in general), condition, and the area in which it is located area.

Fri Oct 31 2008, 07:48

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