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3 questions on real estate and the housing market...?
If the economy was normal,
-How long on average does it take to build a house large and small?
-How long to sell brand new?
-By how much on average would housing prices increase within 6 month's? Or by quarter?
I meant the economy in general, like not being in a recession, no halt in cash flow, everythings running and no market bubbles deflating.
2 Answers
- Anonymous1 decade agoFavorite Answer
Sounds like a homewok question to me and the only true answer that can be given here is
IT DEPENDS and mostly on the area.
- 1 decade ago
This all depends on the area you live in. A standard home of 1500 sq. ft. could be built within 3 months. A larger home you are looking at 6 to 9 months.
In a normal market most homes have an average of 3 to 4 months to sell.
Housing prices usually increase about 3 to 5% per year. And it is the land that is increasing not the home.
Source(s): Realtor 12 years