Restb.ai: In most markets, floor plans reduce days on market
Inman
JULY 24, 2024
has released a report on the effectiveness of floor plans on days on market. Artificial intelligence software company Restb.ai
Days on market Related Topics 
Days on market grow despite low inventory for existing homes
Housing Wire
NOVEMBER 18, 2022
On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days.
Days on market 
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Discounts By Days On Market
BubbleInfo
FEBRUARY 1, 2023
This is from NYC but it still applies – and validates how buyers everywhere are watching the Days-On-Market very closely, and expecting discounts the longer a listing sits unsold. percent per 30 days on the market until around six months on the market. […]
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How Does Days on Market Impact Home Sales: DOM Explained
Maximum Exposure Real Estate
FEBRUARY 14, 2022
One such abbreviation might be DOM, which means Days on Market. The DOM meaning is the number of days that the home has been listed in the MLS. The post How Does Days on Market Impact Home Sales: DOM Explained appeared first on Massachusetts Real Estate Exposure. It starts from when […].
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The Relationship Between Leverage & ‘Days On Market’
Toronto Realty Blog
OCTOBER 3, 2022
But because of the relationship between leverage and days-on-market, I had the upper hand. All he knew was that I was only four days on the market, and that I sounded like an a **e who didn’t want to sell the property because I wanted to promote myself that weekend. I mean, seventeen days on market, right?
Home staging helps reduce days on market, agents report
Real Trends
APRIL 3, 2023
As days on market has lengthened for home sellers, it is not a surprise to see the return of home staging as a tool to attract potential buyers,” Jessica Lautz, NAR’s deputy chief economist and vice president of research, said in a statement.
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Does Days on Market (DOM) Matter in Real Estate
Realty Biz
FEBRUARY 25, 2022
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. DOM on The Real Estate Market.
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Home sales dip 5.4% in June, days on market hit historic low
The American Genius for Real Estate
JULY 20, 2022
Existing home sales fell in June, the median home price hit a historic high, and the average days on market also hit a historic low. Combined with rising interest rates squeezing even more folks out of the market, the housing market is in new territory. The post Home sales dip 5.4%
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What Do Days On Market Mean to Home Buyers
Mandrona Group
DECEMBER 28, 2021
Here’s a sweet analogy for Days on Market – think of a home for sale like your favorite bread or. Read More.
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In Which I Solve the Days On Market “Mess”
Notorious ROB
SEPTEMBER 22, 2020
Over at Inman, there’s a great writeup of a truly inside baseball topic: the confusion and controversy around Days On Market. Read more In Which I Solve the Days On Market “Mess” The post In Which I Solve the Days On Market “Mess” appeared first on NotoriousROB.
Is Your Listing’s ‘Days on Market’ Scaring Off Buyers? Here’s How To Fix It
Realtor.com
OCTOBER 12, 2021
If your "days on market" metric is too high, you might be totally killing your sale. The post Is Your Listing’s ‘Days on Market’ Scaring Off Buyers? Sorry, sellers. Here's what you need to know, and how to fix it. Here’s How To Fix It appeared first on Real Estate News & Insights | realtor.com®.
Don’t get too excited about the jump in existing home sales
Housing Wire
FEBRUARY 23, 2024
Another positive data line is that the days on market are above 30 days, which is something I would love to see year-round. The days on market are very seasonal, but we haven’t had the days on market stay over 30 days year-round since 2020, which is a reflection of active listings still being near all-time lows.
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Why Austin home prices remain stubbornly high
Housing Wire
JUNE 20, 2024
Looking at Altos Research data on home prices, inventory and days on market over the past five years, Austin’s meteoric rise during the pandemic era — and its abrupt cooldown after mortgage rates started to rise in May 2022 — are evident. Contrast that with June 2022, when the average was a mere 29 days. increase.
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The health of this housing market: Comparing 2024 data to 2011
Housing Wire
JULY 3, 2024
Days on market One of the problems with having so many foreclosures and a lack of demand back in 2011 is that it took over 100 days to close a transaction — this is a sign of an unhealthy housing market. Traditionally, I’d like to see the days on the market be between 30-45 days year-round.
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A San Diego data dive shows a market upended by tight supply
Housing Wire
FEBRUARY 28, 2024
A sales boom in 2020 and 2021 slashed home listings’ days on market and pushed up home sales’ price per square foot and sale-to-list price ratios. Mortgage data paints a similar picture of the increasing competitiveness of the San Diego market. The number of listings in San Diego fell 50.5%
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Why are home prices at all-time highs with more inventory?
Housing Wire
JUNE 21, 2024
Let’s keep it simple: total active listings are still below 2019 levels nationally, and the days on market are under 30 days today. Both existing housing inventory and home prices have been rising together year over year, which might seem odd at first glance since existing home sales are trending near all-time lows.
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Housing inventory falls under 1M again as sales collapse
Housing Wire
JANUARY 20, 2023
However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market. Days on market growing One of the reasons I called the housing market savagely unhealthy in 2022 was that houses flew off the shelves once they were listed.
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When will mortgage rates get over 4%?
Housing Wire
OCTOBER 4, 2021
Since the summer of 2020, I have argued that if mortgage rates could get over 3.75% , days on market would rise and the rate of price growth would cool. We need the days on market to grow out of the teenager stage. Start an HW+ Membership now for less than $1 a day. This content is exclusively for HW+ members.
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Housing market hinges on mortgage rates and supply, not commission structures
Housing Wire
AUGUST 8, 2024
17 , Simonsen has a few different markers he will be watching, including list-to-sale price ratio, days on market and the number of deals that fall through. “In In a normal market, homes sell and list for really close to the same dollar amount. As these business practice changes begin Aug.
The share of ‘stagnant’ listings is rising: Redfin
Housing Wire
JULY 24, 2024
“A lot of sellers are willing to let their home sit on the market until they get the price they want, and a lot of buyers aren’t willing to pay sky-high prices when mortgage rates are still high, Stein added. “My My advice to serious sellers is to price fairly and make cosmetic repairs before listing.” metro area analyzed.
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Housing Inventory Hits New Post-Pandemic High
BAM Media
AUGUST 2, 2024
Those 50 days on market, though, are still eight days shorter than the typical days on market for homes this time of year between 2017 and 2019. The share of listings with price cuts increased in all 50 of the top U.S. gain over July 2019.
America’s 20 Hottest Housing Markets: July 2024 Rankings
Marco Santarelli
AUGUST 12, 2024
The Top 20 Hottest Markets – July 2024 1. Oshkosh, WI Median List Price: $374,000 Days on Market: 18 Oshkosh has emerged as the hottest housing market, recognized for its affordability and rapid sales pace. Decatur, AL: Experienced a decline of 112 spots. Yuma, AZ: Slipped down 104 spots.
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Market Moods: Stale listings in the West, speedy sales in the East
Real Estate News
APRIL 14, 2023
A new report identified areas with the biggest increases and decreases in days on market. Agents in Erie, Charleston and Chico share their insights.
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Inventory Watch
BubbleInfo
SEPTEMBER 9, 2024
The median days-on-market has been running around 14 […] The post Inventory Watch first appeared on bubbleinfo.com. Will they accept the current pricing, or will they insist on grinding lower? We can get a feel by examining those listings that have been marked pending this month.
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Is the savagely unhealthy housing market back?
Housing Wire
MAY 18, 2023
Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. Why is this so important to me? NAR Total Inventory Data going back to 1982.
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There’s nothing frozen about Anchorage real estate
Housing Wire
DECEMBER 21, 2021
The median days on market in November was 17, according to Redfin, much lower than the average of 80 days on market that Realtor.com reported in November 2019. The more outdated homes are kind of going back to more normal market trends in terms of average days on market.
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5 Reasons Today’s Housing Market Is Anything but Normal
Keeping Current Matters
SEPTEMBER 2, 2021
Days It Takes To Sell a Home. The days-on-market metric gives an indication of how hot a market is and how quickly homes are selling. In 2019, prior to the pandemic, the average days on market stood at 35, according to NAR. Today, that number is cut in half and is now at 17 days.
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Why “Days on Market” Matters to Home Buyers When Selling a House
HomeLight
APRIL 18, 2022
The amount of time a home spends on a market (a statistic known as “days on market”) depends on a variety of factors like location, market trends, how your listing is marketed, and pricing. For instance, in Lafayette, LA the median days on market spent is 72 days, while in Atlanta, GA that number is 33 days.
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Realtor scripts for managing seller expectations
Housing Wire
JULY 18, 2024
“I know that you may not be in a hurry, however, I do want to be sure you are aware of the fact that all agents and buyers can see our days on market and if the home doesn’t sell reasonably quick, they will use the high number of days on market to rule us out or to justify making a lower offer.”
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The housing market is now savagely unhealthy
Housing Wire
MARCH 18, 2022
One of the critical data lines that I want to see improve this year is days on market. My concern now is that some sellers are feeling stressed about this market, which should never happen because this is the best seller market ever. NAR Research : The median existing-home sales price rose to $357,300, up 15.0%
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Mastering negotiations: Essential skills for real estate success
Housing Wire
JUNE 24, 2024
With the increase in interest rates , and longer days on market causing buyers to hesitate, it’s now critical to brush up your negotiations skills. Whether you’re a seasoned professional or just starting out, mastering the art of negotiation is crucial for success.
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Going, Going, Gone! Homes Are Selling the Fastest in These Markets
Realtor.com
JUNE 1, 2021
Median days on market in April: 8. The fastest-moving market on our list was Ogden, a mountain town less than 40 minutes north of Salt Lake City. Median days on market in April: 10. Median days on market in April: 12. Median days on market in April: 15. Getty Images. Manchester, NH.
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How Return-to-Work Policies Are Shaping Buyer Behavior in Major U.S. Markets
BAM Media
SEPTEMBER 10, 2024
Buyers are now more likely to seek areas that allow for a better balance between personal and professional life, with— More space Lower home prices Slower pace of life Plus—close enough proximity to work for commuting a few days per week Read on to see how the shift in buyer behavior is impacting the five most affected metros.
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Housing Market Tracker: Higher rates crush purchase apps
Housing Wire
FEBRUARY 27, 2023
In a typical marketplace, the days on market are more than 30 days. Last week, the existing home sales report showed — for the first time in a long time — that days on the market are over 30 days. This is a key indicator and one reason the housing market is no longer savagely unhealthy.
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Here are 2020’s hottest housing markets according to ZIP code
Housing Wire
AUGUST 18, 2020
“The hottest zip codes have bucked the national trend of a housing market slowdown during the COVID-19 pandemic,” Danielle Hale, realtor.com’s chief economist said in the report. “Likewise, all of the hottest zip codes saw demand increase, with rising views per property on realtor.com compared to last year.”.
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The Most Fascinating Listing I Have Ever Seen!
Toronto Realty Blog
JULY 28, 2023
89 days on market. 39 days on market. 83 days on market. Sold for $1,610,000 after 18 days on market. 27 days on market. – Listing #6: After a private sale, off market, with no price in Public Records. 49 days on market. 19 days on market.
What Does DOM Mean in Real Estate?
Windemere Buying
SEPTEMBER 11, 2023
One term, “Days on Market” (DOM), can play a role in your strategy for making an offer. What is Days on Market (DOM)? Days on Market (DOM) is a metric used by real estate professionals (and home buyers) to measure the time that a certain property has been listed for sale. What is a Buyer’s Market?
Xactus targets lenders through active listing data
Housing Wire
JUNE 8, 2022
Verification solutions provider Xactus wants to court more lenders through its active listing data in a tight housing market. Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood.
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Buyers are being picky — here’s how you can navigate it as a real estate agent
Housing Wire
JANUARY 23, 2024
home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.
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Record mortgage rates killed existing home sales in November
Housing Wire
DECEMBER 21, 2022
Despite the drop in inventory, the typical number of days on market for a property rose to 24 days, up from 21 in October and 18 a year ago. After posting some month-over-month increases earlier this year, existing home inventory fell for the fourth consecutive month in November, dropping 6.6% million homes, which represents 3.3
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Market Data that Converts: How to Create a Hyper-Local Real Estate Reel in 30 Minutes
BAM Media
MAY 29, 2024
I was initially inspired by fellow BAMx er Rachel Govot , who posted a reel breaking down the average days on market. When watching her post, I realized that almost all the prospects I speak to are completely clueless about what the current days on market are. This will require you to dig into your local MLS.
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The financial strength of US homeowners is a cushion against a downturn
Housing Wire
JULY 10, 2024
If I realize I must sell the house, and I’m met with very weak market conditions (No. 3 above), for example rising inventory and long days-on-market, I get discouraged about my ability to sell. As of right now in America, unemployment is still very low , though this could change quickly. Unemployment is inching higher.
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Housing Market Tracker: Inventory gets summer lift
Housing Wire
JUNE 25, 2023
More importantly, it showed that the days on market dropped back to the teenager level, which means we are once again in a savagely unhealthy housing market. Nothing good is happening in housing when days on market are so low. Also, NAR updated its inventory report showing a year-over-year decline in inventory.
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Top 10 Home Features that are Surprisingly Enticing for Buyers
Broke Agent Media
APRIL 5, 2023
While some of the top features also led to faster home sales, others contributed to longer days on market. That said, some features added days on market as well as a sale premium. more, but it can also add an extra two days on market.
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