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Homes selling more quickly, says real estate group

Posted by Bonnie Martin Designated Broker on Thursday, September 6th, 2012 at 9:09am.

In another sign that the nation’s housing market is recovering, the time it takes to sell a home is shrinking, according to the National Association of Realtors.

The median time a home was listed for sale was 69 days in July, down nearly 30 percent from 98 days in July 2011. NAR began tracking days on market in May of last year. From May through July of 2012 his year, market time averaged 70 days, down from 97 for the same period last year.

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