If you need assistance, please call 509-590-4701

How Quickly Will My Home Sell??

Friday, November 8, 2019   /   by Elizabeth Sorensen

How Quickly Will My Home Sell??

How quickly will my home sell?? 

This is a common question I get asked by home sellers and the answer is- it depends. 

The current market climate will determine how quickly your home will sell. 

In a hot seller’s market, where there is limited inventory, meaning there are more buyers than homes to purchase, you can sell your home in a day (although I highly recommend allowing the home to have proper marketing time so that you can receive the greatest amount of exposure and receive the most offers). 

Anytime someone tells me they sold their home in one day, I always shake my head because I know that means they left a lot of money on the table- often thousands! 

You want to give your time home to get maximum exposure. In this market, I don’t recommend you accept any offers sooner than 72 hours after listing. This will make sure all of the buyers out there have a chance to see it. In this way, you’re much more likely to get multiple offers and drive the offer price well over asking price. 

If there are more homes on the market than buyers, then you can expect a little longer for your home to sell. 

It’s really important to look at the absorption rate in determining timing. Absorption rate is a term most commonly used in the real estate market to evaluate the rate at which available homes are sold in a specific market during a given time period. 

It is calculated by dividing the average number of sales per month by the total number of available homes. According to Investorpedia- a seller’s market would have an absorption rate that equals more than 20% and a buyers market would have an absorption rate lower than 15%. 

I personally feel that these numbers are a bit too lax as right now in today’s market if we are seeing home taking longer than 15-20 days to sell, then it is definitely overpriced. 

I’d be happy to discuss timing and how quickly I feel you’re home will sell under the current market conditions. 

Please reach out to me!

Elizabeth Sorensen

Haven Real Estate Group


  selling home, spokane real estate, home selling, home seller tips, getting ready to sell, buying and selling a home, tips, haven real estate group, real estate agents, listing, home value, spokane realtor, sellers, realtor, spokane market, home seller's guide, first time home seller, curb appeal, spokane real estate market, selling a house, spokane wa, for sale by owner, spokane, elizabeth sorensen, seller's market, over pricing, first step in selling, how fast will my house sell, how fast will my home sell

Haven Real Estate Group
Cambria Henry
304 W Pacific Ave; Suite 360
Spokane, WA 99201

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.
MIMLS The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS® MLS. Real estate listings held by brokerage firms other than Haven Real Estate Group are marked with the IDX logo. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Haven Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Copyright 2020 of the Spokane Association of REALTORS® MLS. All rights reserved.