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- According to February 2023 data from the National Association of Realtors, the national average number of days on market is 34. However, that number can vary widely depending on the individual market.
www.bankrate.com/real-estate/days-on-market/
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What is a 'days on market' metric?
DOM is a statistic used to measure how many days a property takes to sell or be taken off the market. It can be applied to a singular house or averaged to a region. When comparing two neighbourhoods, a higher DOM tells you houses take longer on average to sell in that area.
Jan 25, 2022 · Days on market (DOM) is the length of time from when a property is first listed to when an offer is accepted and a contract signed. In a sellers’ market like the one we’re in now, DOM is low. Huge demand and low inventory mean homes get snapped up fast and for top dollar: average DOM for December 2021 was 19. A year ago, it was 35.
May 9, 2023 · We talked to real estate pros to get their expert opinion on what to expect as your home spends days or weeks on the market.
May 21, 2022 · If your property’s been for sale for too many days, it can seem less desirable to buyers—especially in a heated, competitive seller’s market where most homes move quickly. Ultimately, it...
Jul 29, 2016 · Next to prices—and how much they jump year to year—days on market (DOM) is among the most closely watched barometers in real estate. Defined as the period of time a property is up for sale before a conditional offer is accepted, days on market essentially measures how fast or slow a home sells.
- Real Estate
Understand the implications of Average Days on Market (DOM) in the real estate market. Learn what DOM means for sellers and buyers, its calculation, factors influencing it, and how it can inform your real estate strategy.
Dec 12, 2019 · The “days on market” metric is one of the most overlooked, but important, pieces of data used to measure housing market conditions. Also called DOM, it’s exactly as it sounds — how many days a property has remained on the Toronto MLS before it sells.
