Days on Market(known as DOM in REALTOR-speak) is an important factor for both buyers and sellers to understand.
Sellers should be mindful that one of the first questions a prospective buyer will ask when touring a home is “How long has this home been on the market for sale?”. The answer can prompt a couple of reactions from a prospective buyer.
A perceived short time period may bring a response … (54 comments)
Be prepared Pasadena and San Gabriel Valley area home sellers: homebuyers are looking at your DOM. Huh? Duh, da, duh...DOM...DOM. DOM, you say? Yes, that’s real estate shorthand for days on market. Days on market = the length of time the home has been on the market for sale. One of the first questions I am asked by every home buyer is the number of days or the time a particular property has been on the market. The longer the time on the market sends a signal -- … (21 comments)
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In A Changing Real Estate Market “Days On Market” Are Not Your Friends
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