Timeframe for Finding a Renter: City-specific Details on House Leasing Duration
Selling Your Home Just Got a Bit Easier, Here's the Lowdown
By Christine Lejoux 🏡 Real Estate Aficionado
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Published on , last modified on
Having trouble changing the address on your mail? You're not alone! The hassle of selling a home can be a nightmare, especially if you need to buy a bigger one. But, cheer up, the good news is that things are looking up for sellers!
Recent data from real estate classifieds portal SeLoger and property valuation site Meilleursagents shows a reduced sales delay for old homes in the 11 largest cities in France since the beginning of the year. Phew! This means that, on average, the time between publishing a real estate ad and withdrawing it, after signing a sales agreement, has dropped by one week since January. April, in particular, saw a four-day drop in average sales time! And get this - the trend continues in no less than 32 of the 51 major cities in France.
If you're scratching your head about the cause, listen up! The folks at Bien'Ici attribute it to "materializing projects faster" thanks to more favorable financial conditions and increased demand. Need more convincing? Mortgage interest rates have dropped by around 3%, and sellers are being a bit less demanding on price. Guillaume Martinaud, president of the real estate cooperative Orpi, says it best: "as long as we are at the right price, we sell."
Good news for your wallet, home prices aren't on the rise (or almost not) in these 51 cities anymore!
Say Goodbye to Lengthy Sales Delays
So, what's the average time to close a sale? Well, Nîmes is a prime example. They've seen an 18-day decrease in sales time since January, with an average of 77 days. That's pretty sweet, isn't it? In Colmar, prices have dropped by 3%, and selling a property now takes just under 50 days - down from 75 at the beginning of the year. And wait till you hear about Nantes - they've seen a 3.3% drop in prices, and it now takes only 81 days to find a buyer, compared to 93 in January! Even Nice, not usually a trendsetter, is showing a four-day decrease in one month and an 11-day decrease since the beginning of the year. It's worth noting that Nice has seen prices drop by 2% since January, like Aix-en-Provence, where sales delays have reduced by 16 days.
The market gurus over at SeLoger remind us, "sellers are accepting to negotiate," something they weren't too keen on at the beginning of the real estate crisis, now two and a half years old. Negotiation margins? Yann Jehanno, head of the Laforêt network, puts them at an average of 4.72% of the advertised price. But, on the downside, "it still takes about two and a half months for a home to change hands," according to SeLoger.
The fastest sales happen in Dunkerque and Calais, with an average delay of 37 days, compared to Tourcoing's 131 days. So, grab your brand-new mailbox and get ready to move!
(Note: Although specific sales timeline data isn't available in the provided sources, market trends suggest that negotiations may take longer despite reduced competition. Also, regional price variations and property types should be considered to get precise metrics. Consulting localized 2025 Q2 agency reports would provide the latest figures for your area.)
- The duration of real-estate sales in Nîmes has dropped by 18 days since January, making it easier for sellers to close a sale quickly.
- With the reduced sales delay for old homes in 32 of the 51 major cities in France, sellers can now expect a faster transaction process.
- In response to more favorable financial conditions and increased demand, real estate experts attribute the faster sales to projects being materialized more efficiently.
- If you're in Colmar, you can now sell your property in just under 50 days, thanks to a 3% drop in prices.
- Negotiation has become more common in the housing-market as sellers are now accepting to negotiate on prices, according to market gurus at SeLoger.
