Homes Receiving Multiple Offers: Homes are selling quickly with multiple offers and favorable prices, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey released Friday.
The average number of weeks a home spent on the market in the three-month period ending in July was 8.6 weeks, down from 9.2 weeks in May. Non-distressed homes that sold in July received an average of 2.3 offers.
Sellers received close to their full asking price in July. The sales-to-list-price ratio was 98 percent for the month, up from 97.6 percent in May. Non-distressed homes sold for 95 percent of their asking price in July. July Home Sales Spike 6.5 percent.
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