The Closer the Broker, the Quicker the Close

It is well known that location is key to selling real estate. Ocean views, a good school district, access to transportation—each can boost a home’s marketability.

Now add to the list proximity to your agent’s office.

A recent study in the Journal of Housing Research from faculty at Longwood University in Farmville, Va., finds that for every mile between a property and its listing agent’s office, average time on the market goes up 0.36% and the overall likelihood of selling goes down 0.5%.