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What Buyers Can Do in an Extreme Sellers’ Market

Realty Biz

Learn the number of new listings that have come on the market in the past month or six weeks. Learn the number of days these houses have been staying on the market before an offer is made. This is called days on market or DOM. Even if you are outbid, make your best offer a backup offer.

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What Does Contingent Mean in Real Estate?

HomeLight

Contingent listing This status lets buyers know you’ve accepted an offer with contingencies. Your home is still an active listing, so you continue showing your home and collecting offers from other prospective buyers. With this active status, days on market will continue to accrue , as well.