According to recent data from Redfin, in early 2019 the time it took the average homebuyer to move from their first home tour to closing on their new property was 73 days—three full days shorter than the same time in 2018 when it took 76 days (and down from a peak of 84 days in winter 2016). Homeowners are also having to tour fewer properties to find their home—an average of 10 in 2019 compared to 11 in 2018.
It looks like in 2019 it’s easier and faster to purchase property. So if you’ve been thinking about buying a new home, now is a great time to make a move.
We are currently in an unprecedentedly hot seller’s market. For buyers, this means that you need to have all your...