New Construction Properties Have A Shorter Market Time

by Chicago Agent

For properties built and sold within the same year, 2012 has seen the first decrease in the average days on market since 2008, with an average of 108 days. Though 2012 isn’t quite over yet, the year has proven to be on pace for an overall decrease in listing market time for new construction. In previous years, there has been a steady increase in the average days on market since 2008’s average of 105 days, with 2011 having had the worst performance with an average of 124 days on market. The data presented is for newly built, non-commercial, non-land, for sale listings built and sold in the same year.



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