So far this year, the average home has sold for 99.6% of its original asking price. That's taking into account that many are selling for over the asking price.
The average time it took for those properties to sell after they hit the market was 61 days.
Expect the Average Days on Market numbers to increase this fall when the new federal lending requirements go into effect and will cause home loans to take longer to process. Combined with the typical slower autumn market, it should increase the amount of time about a month or so.