In today’s seller’s market, homes are being snapped up at a blistering pace. According to Realtor.com® data from May, the median number of days on the market for an American home stands at 31. In Winston-Salem, NC, homes sell on average after 38 days on the market. 

While the number of days on the market has been pared down in recent years due to housing shortages and greater buyer demand, the time your home may sit on the market will depend on a variety of factors, such as the condition of the house, pricing, location, and local market.  

Even if all things go according to plan, buyers should account for at least a month – more typically three months – to prepare their homes for sale and close the deal. The following timeline might help sellers know what to expect from the selling process and make more accurate arrangements.

Make renovations/repairs

Average time: Two weeks to several months

Find a listing agent

Average time: Two to ten days

Figure out how much your house is worth

Average time: One hour to two weeks

Declutter/stage your space

Average time: One hour to one week per room

Put together your listing with description, photos, video

Average time: One hour to two weeks

Hold home showings/open houses

Average time: One to four weeks

Wait for an offer (or offers) to roll in—and negotiate the best deal

Average time: Two days to a month—or more

Accept an offer, and wait for the home inspection/appraisal

Average time: Three weeks

Close the deal

Average time: 10 to 45 days

Move out

Average time: 30 days

Are you interested in purchasing a new home? The Sharpe Mortgage Team would love to help! Call us today!