Homebuyers Finding Homes Faster In 2019

Dated: June 17 2019

Views: 43

The path to homeownership can be a long one—particularly in 2018 when low inventory and high competition made it increasingly difficult for potential home buyers to successfully find and purchase homes. But according to recent data, it looks like 2019 is shaping up to be a little easier.

According to recent data from Redfin, in early 2019 the time it took the average homebuyer to move from their first home tour to closing on their new property was 73 days—three full days shorter than the same time in 2018 when it took 76 days (and down from a peak of 84 days in winter 2016). Homeowners are also having to tour fewer properties to find their home—an average of 10 in 2019 compared to 11 in 2018.

The Takeaway

It looks like in 2019 it’s easier and faster to purchase property. So if you’ve been thinking about buying a new home, now is a great time to make a move.

Blog author image

Kelly Combs

My name is Kelly Combs and I am a native of Fredericksburg, Va., born and bred. I grew up in the 80’s when Fredericksburg was a small rural town, and I had the joy of evolving from a child to an adu....

Latest Blog Posts

Tips For Finding The One

Some Highlights The best advice carries across multiple areas of life. When it comes to homebuying, a few simple tips can help you stay on track. Because of increased demand, you’ll

Read More

Working Remotely

Remote Work Is Here To Stay. Can Your Home Deliver the Space You Need? For Buyers, For Sellers, Move-Up BuyersA lot has changed over the past year. For many people, the rise in remote

Read More

Equity Rises And So Does Your Wealth

As Home Equity Rises, So Does Your Wealth# First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, PricingHomeownership is still a

Read More

Virtual Or In Person

Virtual tours?  It seems that many buyers are asking for virtual tours or asking the Realtor to preview the home on their behalf, would you buy a house sight unseen?  Do you prefer to take

Read More