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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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What is a Comparative Market Analysis, and What Does It Look Like?

HomeLight

A real estate agent or broker usually compiles information gathered from the multiple listing service ( MLS ), photos of the property, inventory levels, and other market indicators. Any renovations and upgrades. However, a well-executed CMA also incorporates subjective characteristics like upgrades, neighborhood, and features.

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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%.

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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.

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San Francisco Bay Area Real Estate Market 2020 Overview

Marco Santarelli

This proposition by Google will add thousands of new homes to the Bay Area real estate market over the next ten years. About $750 million would be used for repurposing Google's own commercial real estate for residential purposes. Median Days on Market equaled 19. . Existing SFR sales in June 2020 were 163, down 8.9%

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