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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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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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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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Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

Days on market: The speed at which houses are selling can be telling. If houses are sitting on the market for a while, you may get a better deal … but is there a reason why buyers are shying away from a particular area? There’s a difference between the two stages. Source: (LinkedIn Sales Solutions / Unsplash).

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Pittsburgh Housing Market: Prices | Trends | Forecasts 2022

Marco Santarelli

In fact, the Pittsburgh housing market has seen the fewest number of homes actively listed for sale in 2021 The shortage of houses available for sale in Pittsburgh has led to higher demand and rising prices, especially in moderate-income neighborhoods. It considers the Pittsburgh housing market to only be somewhat competitive.

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When Is the Best Time to Buy a House in Texas?

HomeLight

Are you looking for a quick sale, extended inventory, or a low price? Overall, home sales in Texas set a record in 2021, topping 417,000. Then, “Nearly 30% of total home sales vanished from December 2021 to December 2022,” according to the Texas Real Estate Research Center. million purchase transactions nationwide.

Agents 89
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Selling My House Fast Is Top Priority: How Can I Speed Up the Process?

HomeLight

Stage the key rooms in your home. Hiring a top real estate agent, pricing your home correctly, and effectively marketing your listing are all steps to consider if you want to sell your house fast. Speed up your home sale by connecting with a top agent in your area. Does your service fee include staging? Find Agent.