on Wednesday, April 23rd, 2014 at 8:53am.
Don’t let the headlines get the better of your nerves. If you read certain headlines, you might be led to believe that the housing recovery has come to a freeze. Naysayers are claiming that rising mortgage rates and a lack of consumer confidence are keeping Americans on the fence when it comes to purchasing a home. Quite the contrary, that is actually far from reality. After all, 12,575 houses sold yesterday, 12,575 will sell today and 12,575 will sell tomorrow. 12,575!
According to the National Association of Realtors’ (NAR) latest Existing Home Sales Report 12,575 is the average number of homes that sell each and every day in this country. A breakdown of the report shows, annualized sales now stand at 4.59 million. Divide that number by 365 (days in a year) and we can see that, on average, over 12,500 homes sell every day.
If you are considering whether or not to put your house up for sale, don't let the headlines scare you. There are purchasers in the market and they are buying - to the tune of 12,575 homes a day. Craig Adelman now at 303.809.8979.