how long does home escrow take
For four years in a row, the time it took to go from contract to close was 30 days for a normal transaction between 2005 and 2008 according to C.A.R.'s Annual Housing Market Survey. In the last two years, with the current tough underwriting standards for mortgage loans, escrow is taking a bit longerâabout 40 days.But actually the length of time it takes to close escrow is the same as it was in 2003 (just prior to the mortgage frenzy of '04, '05, and â06).This shows the market returning to somewhat normal conditions as escrow companies are taking their time to review, document, and close the transaction. tell my clients right now that even though we are shooting for a 30 day escrow is typically going to be 40 -45 days mostly because lenders are taking extra time with appraisals and document reviews. clear skies, Doug Reynolds. 1  January 27 2011 - Sacramento.