Welcome to
my “How long to live in a house before selling”. The average selling times of a home have undergone a gradual elongation
with the onset of the serious crisis that has been producing well-known and
heavy effects on the real estate sector since the two-year period 2007/2008.
But how much time does it take today to sell a home? According to recent surveys by the Tecnocasa Research Office, one of the leading Italian operators in the sector, the time it takes to sell a home would be slowly decreasing (though, as we shall see, on a very large scale), with a figure that does not seem to have been welcomed with particular emphasis.
Tecnocasa argues that the average selling time of a home in the big Italian cities is now 183 days, compared to the 191 days recorded in the previous survey of six months ago.
In other words, those who sell a house in Rome or Milan must wait six months on average to be able to enter into a sales contract, with a "savings" of 8 days compared to what happened in the middle of last year.
Given that the dynamism of the national housing market is greater in large cities than in the rest of the territorial areas, it follows that the average sales trend is less satisfactory in the province.
In capitals, for example, the average home sales time is now207 days, 12 days less than the mid-2012 survey.
In the municipalities of the hinterland of large cities, however, the average time is 209 days, compared to the 217 days of July 2012.
However, it is clear that the average selling times are still very large, representing a natural consequence of the deterioration of national real estate. The survey carried out in January 2013 is also a "daughter" of what happened in 2012, a year that Italian operators would gladly forget, given what happened on the price front and the number of trades.
Statistically, concludes Tecnocasa's report, the longest average selling times in the big city enclosure touch Bari, Turin and Genoa, where 201, 199, and 196 days are needed to sell a home.
And for 2013? For an anthropomorphic period of just one quarter, the formulating considerations are far from positive. Compared to the initial estimates (which spoke of a recovery already in the final part of the exercise), new criticisms are emerging, to slip in 2014 or 2015, the desired rebound.
With regard to average sales times, it is likely to stabilize at current thresholds.
But how much time does it take today to sell a home? According to recent surveys by the Tecnocasa Research Office, one of the leading Italian operators in the sector, the time it takes to sell a home would be slowly decreasing (though, as we shall see, on a very large scale), with a figure that does not seem to have been welcomed with particular emphasis.
Tecnocasa argues that the average selling time of a home in the big Italian cities is now 183 days, compared to the 191 days recorded in the previous survey of six months ago.
In other words, those who sell a house in Rome or Milan must wait six months on average to be able to enter into a sales contract, with a "savings" of 8 days compared to what happened in the middle of last year.
Given that the dynamism of the national housing market is greater in large cities than in the rest of the territorial areas, it follows that the average sales trend is less satisfactory in the province.
In capitals, for example, the average home sales time is now207 days, 12 days less than the mid-2012 survey.
In the municipalities of the hinterland of large cities, however, the average time is 209 days, compared to the 217 days of July 2012.
However, it is clear that the average selling times are still very large, representing a natural consequence of the deterioration of national real estate. The survey carried out in January 2013 is also a "daughter" of what happened in 2012, a year that Italian operators would gladly forget, given what happened on the price front and the number of trades.
Statistically, concludes Tecnocasa's report, the longest average selling times in the big city enclosure touch Bari, Turin and Genoa, where 201, 199, and 196 days are needed to sell a home.
And for 2013? For an anthropomorphic period of just one quarter, the formulating considerations are far from positive. Compared to the initial estimates (which spoke of a recovery already in the final part of the exercise), new criticisms are emerging, to slip in 2014 or 2015, the desired rebound.
With regard to average sales times, it is likely to stabilize at current thresholds.
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