The flip side of the housing market
In November, for instance, when the average time on the market was 105 days, 13 percent of the 1,892 homes that sold in the city and five surrounding counties had contracts in two weeks or less, according to data from Metropolitan Regional Information Systems Inc. Those 251 homes went from listing to selling in an average of seven days.
What did they have in common? They were usually "older, three-bedroom, two-bath houses that sold at an average of $304,355 - about $4,000 under the overall average sale price." Quick-selling homes are often also priced better than the competition, look good and "have a full force of marketing, such as enticing Internet photos, behind them," Mirabella reports.