Average Time to Sell a DFW Home is Now the Longest in Years
No, it's not your imagination — some of those home "For Sale" signs in your neighborhood are getting a bit long in the tooth.
The average time it takes to sell a house in North Texas has gone up about 20 percent in the last couple of years.
The houses that real estate agents sold in December had been on the market for an average of almost two months, according to data from the Real Estate Center at Texas A&M University.
Average days on market in North Texas bottomed out at around 36 days back in early 2016. Since then, the time to peddle a property has been slowly creeping up.
December's market time was the longest since early 2015.
In some neighborhoods, the time those "For Sale" signs are parked out front has grown even larger.
The average time it takes to sell a home has increased by more than 50 percent in the last year in Lancaster. In Mesquite and East Dallas, the average selling time was up by more than a third year-over-year in December...