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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. What is DOM?

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Is There a Market Correction on Its Way?

McKissock

Some early warning signs of housing market correction are: A) Listing inventory in MLS starts to climb steadily. B) Days on Market for listings increase. Builders don’t want to be stuck with inventory when a correction happens, so they watch their market indicators very closely. Obvious signs.

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Price Reduction in Real Estate: A 5-step Guide for Agents

The Close

The primary indicator is obvious: The house just sits on the market while everything around it is flying off the shelves. You must evaluate if a price reduction is necessary by looking at the absorption rate and the average days on market (DOM) for that location. But it’s critical to dig deeper.

Agents 79
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How to Use Realtors Property Resource: A Comprehensive Guide

Kyle Handy

These reports can be utilized for various purposes, such as helping clients make informed decisions when buying or selling a home, evaluating investment opportunities, or keeping track of market trends. The displayed neighborhood profile will include data on demographics, housing market trends, local schools, and more.

Agents 52
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Richmond VA Real Estate Market & Investment Overview

Marco Santarelli

Housing data collected by the Richmond Association of REALTORS® through Central Virginia Regional MLS. Forbes ranked Richmond, Virginia at #8 in their list of “15 Housing Markets That Are Hot in 2020.” Days on Market Until Sale are 18, down 43.8%. Days on Market Until Sale are 18, down 14.3%.

Marketing 116
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Miami Real Estate Posts 10th-Highest Total Home Sales Month in History

Realty Biz

Miami-Dade County real estate posted its 10th-highest total existing home sales month in history and its second-best May sales month ever, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. MIAMI reports exact statistics directly from its MLS system.

Sales 78
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Philadelphia Real Estate Market & Investment Overview 2021

Marco Santarelli

Housing data by Bright MLS, Inc. Philadelphia is a hot seller's real estate market by all housing indicators. The following housing report of the Philadelphia Metro Area is based on February 2021 Bright MLS housing data. Day On Market. In Philly, the average was 41 days, showing a strong favorability to sellers.

Marketing 126