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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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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 77
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Baltimore Real Estate Market Trends & Investment Overview 2021

Marco Santarelli

The median days on market was 5 in Baltimore County and 8 in Baltimore City. Here are the latest monthly real estate trends for Greater Baltimore (the city and surrounding suburbs in Baltimore County) published by GBBR REALTOR® (based on listing activity from Bright MLS, the multiple listing service serving Baltimore).

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Bakersfield Housing Market: Prices | Trends | Forecast 2021-2022

Marco Santarelli

Trulia has 1,445 resale and new homes for sale in Bakersfield, CA, including open houses, and homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. On average, homes in Bakersfield, CA sell after 56 days on the market. Graph Credits: Trulia.com. The median listing price per square foot was $147.

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Detroit Michigan Housing Market: Trends & Forecast 2021-2022

Marco Santarelli

On average, homes in Detroit, MI sell after 60 days on the market. The trend for median days on market in Detroit, MI has gone up since last month, and slightly up since last year. These are the properties that may be coming to the market soon but are not yet found on a multiple listing service (MLS).

Marketing 111
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San Francisco Bay Area Real Estate Market 2020 Overview

Marco Santarelli

More affluent buyers entered the market in June. High-end real estate sales that staged a particularly strong recovery is one of the factors behind median house sales prices hitting a new peak in June. This proposition by Google will add thousands of new homes to the Bay Area real estate market over the next ten years.

Marketing 144
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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. Location also includes factors like busy roads, nearby commercial property or railroads, parks, retail, and other attractions or detractions.

Marketing 104