Looking at metrics like
average days on the market in addition to comparing sales prices versus asking prices can often reveal details about buyer perception of the market.
Yet my listings are under contract well below the typical number
of days on market in my area.
The average
days on market for the quarter was approximately 20 % less than quarter 2 of 2015.
The low
days on market in a lot of these pockets show that people want to live there.
With
days on market increasing, this is the best time for you to perfect your listing servicing processes and techniques, and to avoid the same issues.
They used listing views as an indicator of demand, and median
days on market as an indicator of supply.
The number of homes for sale was drastically down in year - over-year comparisons, along
with days on market and months of supply.
Similar to homes though, they sure weren't lasting long with the median
days on market at only 19 days.
If you see sales taking
more days on the market and a decline in multiple offers, then you may be able to buy property at a lower cost.
We asked readers for examples of small investments ($ 1,000 or less) that would increase a home's value or
reduce days on the market.
Other areas of discussion may
include days on market, list - to - sale price ratios, and / or financing availability.
He came to our first meeting equipped with detailed descriptions of several homes that had sold in our area and
days on the market etc..
Seller's took advantage not only with the higher pricing, the median
days on market stood at just 19 days.
Among the indicators, closed sales are up, the percent of list price received at sales is trending higher and
days on market continues its downward trend.
The median number of
days on the market nationwide is dropping due to an imbalance in many places in the low supply of homes compared to high demand from buyers.
Anyway, the whole point here is that
days on market really affect how much you are going to get for your home.
This is not a great story, but I think it really demonstrates how
important days on market and market conditions are to a property sale.
Increased inventory and longer
days on market coupled with the lowest lending rates ever are presenting opportunities that have not been seen in almost a decade.
In general,
days on market decreased anywhere from 23 to 39 percent in all counties because of the low inventory numbers.
Average days on market until sale decreased to 84 days for Single Family homes and increased to 79 days for the townhouse - condo market.
Average
days on market until sale decreased to 100 days for Single Family homes and decreased to 53 days for the townhouse - condo market.