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Days on market grow despite low inventory for existing homes

Housing Wire

On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days. I cheer because the savagely unhealthy housing market theme I talked about back in February of this year was the same premise of the housing reset talking point the Federal Reserve uses.

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Discounts By Days On Market

BubbleInfo

This is from NYC but it still applies – and validates how buyers everywhere are watching the Days-On-Market very closely, and expecting discounts the longer a listing sits unsold. percent per 30 days on the market until around six months on the market. […]

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Home staging helps reduce days on market, agents report

Real Trends

In addition to impacting how a buyer views a property, 48% of sellers’ agents reported that home staging decreased a property’s time on the market and 20% of buyers’ and sellers’ agents said home staging increased the dollar value offered by between 1% and 5% compared to similar homes on the market that were not staged.

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The Relationship Between Leverage & ‘Days On Market’

Toronto Realty Blog

If a property came onto the market today for $599,900, you went to look at it, and you were quite interested, how much would you offer? What type of market are we in? “We just came onto the market today.” And truth be told, when your listing is new, you have leverage no matter the market conditions.

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A San Diego data dive shows a market upended by tight supply

Housing Wire

The data examined below represents multiple listing service data and mortgage market analytics for San Diego County, as well as the state of California and the country as a whole from 2019 to 2023. percentage points in market share, albeit with a setback in 2023. The number of listings in San Diego fell 50.5%

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Does Days on Market (DOM) Matter in Real Estate

Realty Biz

Days on Market, also known as DOM, is a widespread commercial term, which applies to all markets and products, be it a cake, a pair of shoes, or a real estate item. This concept has everything to do with the idea of “freshness” or actuality that any type of product has on a specific market. DOM on The Real Estate Market.

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Home sales dip 5.4% in June, days on market hit historic low

The American Genius for Real Estate

Existing home sales fell in June, the median home price hit a historic high, and the average days on market also hit a historic low. Combined with rising interest rates squeezing even more folks out of the market, the housing market is in new territory. The post Home sales dip 5.4%