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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

Days on Market and Neighborhoods On average, homes in Little Rock, AR sold after 34 days on the market. The trend for the median days on market has been decreasing since the previous month and slightly down compared to last 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 65
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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. Does it match the trends of other nearby neighborhoods?

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Pittsburgh Housing Market: Prices | Trends | Forecasts 2022

Marco Santarelli

On average, homes in Allegheny County, PA sell after 57 days on the market. The trend for median days on market in Allegheny County, PA has gone up since last month, and slightly down since last year. The Pittsburgh real estate market is seeing a surprising renaissance because it is reinventing itself as a high-tech hub.

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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. What would your marketing plan for my home look like? Does your service fee include staging? Go neutral, neutral, neutral.

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

HomeLight

Spring (good selection) Spring is second only to summer in inventory and price for the housing market, although, in Texas, early to mid-autumn can also be a busy time for real estate. Even during the early stages of the pandemic, September was becoming a busy month for housing sales in Texas. Is it in a flood plain? Is there an HOA?”

Agents 91