The Ongoing Pace of Home Sales: Around 11,000 Houses Changing Hands Daily

Lisa Mailhot  |  August 10, 2023

Buyers

The Ongoing Pace of Home Sales: Around 11,000 Houses Changing Hands Daily

 

Numerous individuals who own homes have postponed listing their properties for sale, assuming that the current climate isn't conducive to home purchases. If you find yourself in this position, it's essential to recognize that while the real estate market has moderated from the enthusiasm seen a couple of years back, it remains far from stagnant. Despite any misconceptions, prospective buyers actively engage in the market, resulting in a steady flow of home transactions.

The National Association of Realtors (NAR) reveals that considering the present sales rate, slightly over 4 million homes will be sold this year. To better comprehend the implications for you, let's conduct a simple breakdown:

  • Dividing 4.16 million homes by 365 days in a year yields approximately 11,397 houses sold daily.
  • Further division by 24 hours in a day results in 475 homes sold per hour.
  • Continuing to divide by 60 minutes within an hour gives an average of about 8 houses sold every minute.

Hence, an average day, approximately 11,000 homes exchange hands across the nation.

A real estate specialist possesses the knowledge to furnish you with more detailed insights regarding the volume of home sales in your locality. They can highlight the remarkable advantages currently enjoyed by sellers and pinpoint the pivotal aspects that buyers are actively seeking in your vicinity. Collaborating with this expert, you'll leverage this information to tailor your house's marketing strategy to local trends.

Bottom Line

If you've hesitated to sell under the assumption that potential buyers are scarce, it's imperative to recognize the existing dynamism of the market. Every passing day sees the sale of around 11,000 residences. As you read this, eight homes have already changed hands. When you're prepared to embark on your selling journey, let's establish a connection.

RECENT BLOG POSTS

Understanding Current Housing Market Trends

The housing market is experiencing some noticeable changes, from fewer new listings to a drop in buyer activity. In this blog, we dive into the latest market shifts, w… Read more

US Median Home Prices Hit Record High

The median sales price of a U.S. home has surged to a record high of $396,500, but with more homes on the market, buyers are in a stronger position to negotiate. Learn… Read more

Mortgage Applications Rise Slightly After Recent Decline

Mortgage applications have increased by 1.1% following a decline the previous week, signaling some shifts in the housing market. In this blog, we explore the latest mo… Read more

Longtime Homeowner? This Hidden Tax Could Cost You Thousands

Many longtime homeowners in Orange County are sitting on a hidden tax burden due to outdated capital gains rules that haven’t changed since 1997. Learn how this overlo… Read more

Home Prices Slow as Buyers Gain Power

May 2025 saw home prices at seasonal highs, but growth has nearly stalled as market dynamics shift. With more listings than buyers, slower sales, and increased negotia… Read more

What Home Sellers Must Know About Capital Gains Tax

Selling your home may come with a tax obligation if you earn a profit. Learn how capital gains taxes work, what exemptions may apply, and how to plan strategically to … Read more

Builders Struggling with Rates and Tariffs in May

The construction of single-family homes remained slow in May as builders face the dual challenges of high interest rates and tariff-related cost increases. Learn how t… Read more

Boost Your Home’s Value with These Paint Colors

Discover how strategic paint choices can increase the value of your property listings. A new Zillow study reveals the best colors to use for boosting home value. Find … Read more

Shrinking Down Payments Signal a Cooling Housing Market

Homebuyer down payments are shrinking for the first time in nearly two years, revealing key shifts in the U.S. housing market. FHA and VA loans are gaining popularity,… Read more

We are excited to assist you in finding your perfect home

Let's find a time that suits you best to chat about your goals, show you how we work, and figure out how we can help you the most