Backup offer Days on market Finance 
Housing Wire
MAY 14, 2024
As of May 13, the median days on market for single-family properties in Santa Monica with a median price of $1.85 million (the lowest market segment) and a median price of $2.622 million was 35 days and 17 days, respectively.
HomeLight
JUNE 9, 2023
average % of contracts with an appraisal contingency: 80% Financing contingency Also known as mortgage contingency , the financing contingency states that the buyer can back out of the deal if they can’t get their loan to go through. Contingent listing This status lets buyers know you’ve accepted an offer with contingencies.
Realty Biz
MAY 24, 2021
Learn the number of new listings that have come on the market in the past month or six weeks. Learn the number of days these houses have been staying on the market before an offer is made. This is called days on market or DOM. Even if you are outbid, make your best offer a backup offer.
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