Eighty-eight percent of properties sold in less than a month, with the average home lasting on the market for 17 days in April, the National Association of Realtors® Confidence Index Survey for April, which surveys NAR members, found.
This is an increase of 32% year over year, and homes lasted 10 days less on the market compared to April 2020. Each home had five offers on average and 53% of those offers were above listing price. And most Realtors® expect this trend to continue.
Read more at parealtors.org