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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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How to prepare a comparative market analysis (CMA) report

Housing Wire

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. A CMA report includes information on similar, comparable properties in the area, including recent sales, active listings and current market trends.

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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.

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Bidding wars are starting to cool off

Housing Wire

Although this is a clear sign of a slowing market, housing economists say the changes are along the lines of typical seasonal slowdowns. In addition, with one-third of homes stayed on the market for less than a week and inventory was down 13% from a year prior. ” Top markets for affordable renovated housing inventory.

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Bend OR Housing Market: Prices, Trends, Forecast 2023

Marco Santarelli

Bend, OR's housing market in July 2023 showcased promising growth in median listing home prices, reflecting a positive 8% year-over-year increase. The balanced market conditions and the 100% sale-to-list price ratio indicate a stable and mutually beneficial environment for both buyers and sellers.

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3 Graphs Showing Why You Should Sell Your House Now

Keeping Current Matters

There’s no doubt that 2021 is the year of the seller when it comes to the housing market. Selling your house now enables you to take advantage of buyer demand and get the most attention for your house – before more listings come to the market later this year. Days on the Market. Frequent Bidding Wars.

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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. Finding off-market properties for sale can be a challenge. Listing your home off the market might not seem like a good option, but it offers some advantages to sellers and buyers.

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