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Homes Selling More Quickly, Time on Market Down with Tighter Supplies

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WASHINGTON (September 5, 2012) – A new measure shows the typical amount of time it takes to sell a home is shrinking, and for traditional sellers is now in the range of historic norms for a balanced market, well below the cyclical peak reached in 2009, according to the National Association of Realtors®.

The median time a home was listed for sale on the market1 was 69 days in July, down 29.6 percent from 98 days in July 2011.  The median reflects a wide spectrum; one-third of homes purchased in July were on the market for… Read More

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