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How Does Days on Market Impact Home Sales: DOM Explained

Maximum Exposure Real Estate

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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Existing home sales ended the year with a whimper in 2022

Housing Wire

The phrase “in like a lion, out like a lamb” is typically used to describe the month of March, but it is also applicable to existing home sales trends in 2022. month-over-month increase in January , existing home sales trended downward throughout the rest of the year. On a yearly basis, existing home sales were down 34% in December.

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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. DOM on The Real Estate Market.

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The Relationship Between Leverage & ‘Days On Market’

Toronto Realty Blog

If a property came onto the market today for $599,900, you went to look at it, and you were quite interested, how much would you offer? What type of market are we in? “We just came onto the market today.” ” “I got a cold call on the for-sale sign today, and I’m showing it to them tomorrow.”

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What to Know About Off-Market Homes For Sale

Realty Biz

Off-market properties might be the answer if you want to avoid competition from other buyers when looking for your next home. These home sales are sometimes known as pocket listings or quiet homes and aren’t added to the multiple listing services. Finding off-market properties for sale can be a challenge.

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Xactus targets lenders through active listing data

Housing Wire

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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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

In real estate, the market is tied to the basic economic rule of supply and demand, which determines if a market is a buyer’s market vs seller’s market. Sure, certain seasons might have more foot traffic than others, but the housing market could vary drastically from neighborhood to neighborhood.