If you’re selling a home in Utah, you can expect it to be gone faster than anywhere in the United States, according to research conducted by luxury property realty company RubyHome Real Estate. Utah homes sell in an average of 27.07 days so far in 2023, the study found.
“When buying or selling real estate, it is important to consider how long it will take to complete the transaction, especially if the objective is to sell one home and acquire another at the same time,” study authors said. The nationwide average for closing a sale on a home is{mprestriction ids="1,3"} 33.5 days.
Researchers at RubyHome studied data from online real estate website Zillow documenting the average time for completing a sale in each state, and then combined the data to display the top 10 states for selling a home. The methodology included using raw Zillow data to calculate an average “days to close” statistic for each state for the first four months of 2022 and the same time in 2023. The results were then combined into a list of increasing figures to produce a top 10 list.
“Though the national average to close a sale in real estate is 33.5 days, market conditions can make this figure higher or lower,” said a spokesperson for RubyHome. “For a fast sale, looking at pricing a home competitively and realistically is essential, utilizing strategies such as dropping the price below a rounded number.”
Nevada homes are selling second-fastest, with an average of 27.45 days to sell. Idaho is third at 28.75 days, Wisconsin is fourth with an average of 28.93 days and Texas is fifth with an average of 29.08 days.{/mprestriction}
