In this real estate coaching tip we will look at how many days a home is on the market before it sells. LinkedIn posted the following article which shows the average days on market for US homes. Local sold figures can be higher than the national average.
Real estate professionals often list a home for 180 days. Could the seller’s home be coming off the market just when it is about to sell? Will the listing expire and no longer be visible on the internet right when a buyer might be ready to make an offer on the home?
U.S. Cities Where Homes Sell the Fastest | LinkedIn
Real Estate Coaching Tip:
Check your local MLS stats. What is the average days on market in your local area? Next, go a step further and check by neighborhood. You will find some neighborhoods have average days on market (DOM) of 365 days!
The question is, what is in your clients best interest? Should you take the listing for 180 days if 185 is the average days on market?
Top Producers check the number of days on market and may list a home for up to a year depending on the average days on market.
Thanks go to LinkedIn and Zillow for posting this valuable real estate housing news article.
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