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Seller’s vs. Buyer’s Market: A Seller’s Guide to Decoding Market Conditions

HomeLight

The number of days on market (DOM), which marks how long a home is on the market before the seller accepts an offer, typically drops. In a balanced market, marketing time typically lasts around six weeks , according to The National Association of Realtors® (NAR). You may receive multiple competing offers.

Marketing 109
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Find a Top-Performing, Trusted Realtor in 30 Minutes or Less

HomeLight

Q: What is your “days on market” average? A: The days on market is the number of days, on average, for the agent to sell a home. For great agents, this number is typically about half of the days on market for average agents. It could be the close date, repairs, or a rent back period.

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Do I Accept the First Offer on My House, or Wait and See?

HomeLight

Common contingencies include an inspection contingency and an appraisal contingency. One solution might be a rent-back that would financially compensate a patient buyer if the seller needs more time to transition after the sale. Has your home been sitting longer than the average ‘days on market’?

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Find a Top-Performing, Trusted Realtor in 30 Minutes or Less

HomeLight

Q: What is your “days on market” average? A: The days on market is the number of days, on average, for the agent to sell a home. For great agents, this number is typically about half of the days on market for average agents. It could be the close date, repairs, or a rent back period.