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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.

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

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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. That’s because recent sale prices of comparable homes impact the amount of money you’ll get for yours. Has your home been sitting longer than the average ‘days on market’?