Existing Home Sales Point Toward a Good Time to Sell in Midlothian [INFOGRAPHIC]

Existing Home Sales Point Toward a Good Time to Sell [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Existing Home Sales dropped 13.1% from August to a seasonally adjusted annual rate of 264,588 in September, and inventory is still well below the normal level of 6 months supply (indicating a strong sellers market).
  • Homes in Midlothian are selling quickly, in an average of just 25 days (below the national average of 27 days).
  • 55% of homes sold in less than a month.