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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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Vacation Home Sales Surge

RIS Media

Vacation home sales have been hot during the pandemic, according to the National Association of REALTORS®’ (NAR’s) recently released 2021 Vacation Home Counties Report. In 2020, vacation home sales rose by 16.4%, outpacing the 5.6% growth in total existing-home sales. Location, Location, Location! . of all U.S.

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Gilbert Housing Market: Prices, Trends, Predictions 2023

Marco Santarelli

Key Trends in the Gilbert Housing Market Median home price: According to data by Redfin, the median home price in Gilbert was $570,000 in August 2023, down slightly from $571,500 in August 2022. Days on market: Homes in Gilbert are selling quickly, with an average of 35 days on market in August 2023.

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Little Rock Housing Market: Prices, Trend, Forecast 2023

Marco Santarelli

The sale-to-list price ratio was 100% , indicating that homes in Little Rock, AR sold for approximately the asking price on average during August 2023. Market Balance In August 2023, the housing market in Little Rock, AR was categorized as a balanced market. This represents a 1.9% decrease compared to the previous year.

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Des Moines Housing Market Forecast 2023: Will it Crash?

Marco Santarelli

Sale-to-List Price Ratio In Des Moines, IA, the sale-to-list price ratio is a remarkable 100%. Median Days on Market The median days on market in Des Moines, IA is 41 days. A lower number indicates a faster-paced market, which is beneficial for sellers. Percent of sales over list price: 44.4%

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Where to Buy Denver Investment Properties in 2023?

Marco Santarelli

Key Trends in the Denver Housing Market Declining Home Prices: The median sale price of homes in Denver saw a 5.1% Increasing Inventory: The number of homes available for sale in Denver saw a 0.2% Extended Days on Market: The average time a home spent on the market in Denver increased to 18 days in September 2023, up from 15.7

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Idaho Falls Housing Market Forecast 2023: Will it Crash?

Marco Santarelli

Risk Factors for a Market Decline Rising Interest Rates are already impacting the Idaho Falls housing market, with mortgage rates doubling since the beginning of the year. This surge has made it challenging for potential buyers to afford homes, resulting in a recent decline in home sales and a softening of prices.