Real Estate Blog - Average

Patience Won’t Sell Your House. Pricing Will.

Posted by Shane Andersen on September 29th, 2025

 

Waiting for the perfect buyer to fall in love with your house? In today’s market, that’s usually not what’s holding things up. And here’s why.

Let’s be real. Homes are taking a week longer to sell than they did a year ago. According to Realtor.com:

“Homes are also taking longer to sell. The typical home spent 60 days on the market in August, seven days longer than last year and now above pre-pandemic norms for the second consecutive month. This was the 17th straight month of year-over-year increases in time on market.”

Part of that is because there are more homes on the market. So, with more options for buyers to choose from, they aren’t getting snatched up quite as fast. But there’s another big reason: price.

The Average List Price…

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8 Homes Sell Every Minute

Posted by Shane Andersen on July 14th, 2025

Did you see headlines saying that home sales are down? If that made you question if it’s still a good time to sell your house, here’s some perspective for you. Sure, sales have slowed compared to the frenzy of a few years ago. But that doesn’t mean the market’s at a standstill. Over 11K homes are still selling every single day – not including new construction. That’s 460 an hour. Or roughly 8 each minute. Serious buyers are still out there. Let’s make sure they see your house. #SellYourhouse #JustSold #KeepingCurrentMatters

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Why You Should Buy a Home Now, and Not Wait For Rates To Go Down.

Posted by Shane Andersen on October 16th, 2023

Home appreciation has increased 147% total since 2003 and the average since 2003 is a 4.5% increase.  So, what does this mean?  Learn about it in this video and think twice before you put your home-buying plans on hold. Give us a call at the Brookings Home Team and we’ll explain it all. 

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Mortgage Rates: Past, Present, and Possible Future

Posted by Shane Andersen on September 29th, 2023

 

If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared to where they are now. Beyond that, it’s important to understand their relationship with inflation for insights into where mortgage rates might go in the near future.

Giving Context to the Sticker Shock

Freddie Mac has been tracking the 30-year fixed mortgage rate since April of 1971. Every week, they release the results of their Primary Mortgage Market Survey, which averages mortgage application data from lenders across the…

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