Restb.ai: In most markets, floor plans reduce days on market
Inman
JULY 24, 2024
has released a report on the effectiveness of floor plans on days on market. Artificial intelligence software company Restb.ai
Days on market Related Topics 
Days on market grow despite low inventory for existing homes
Housing Wire
NOVEMBER 18, 2022
On a positive note, however, the days on the market are no longer a teenager anymore: that metric grew from 18 days to 21 days.
Days on market 
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Discounts By Days On Market
BubbleInfo
FEBRUARY 1, 2023
This is from NYC but it still applies – and validates how buyers everywhere are watching the Days-On-Market very closely, and expecting discounts the longer a listing sits unsold. percent per 30 days on the market until around six months on the market. […]
How Does Days on Market Impact Home Sales: DOM Explained
Maximum Exposure Real Estate
FEBRUARY 14, 2022
One such abbreviation might be DOM, which means Days on Market. The DOM meaning is the number of days that the home has been listed in the MLS. The post How Does Days on Market Impact Home Sales: DOM Explained appeared first on Massachusetts Real Estate Exposure. It starts from when […].
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The Relationship Between Leverage & ‘Days On Market’
Toronto Realty Blog
OCTOBER 3, 2022
But because of the relationship between leverage and days-on-market, I had the upper hand. All he knew was that I was only four days on the market, and that I sounded like an a **e who didn’t want to sell the property because I wanted to promote myself that weekend. I mean, seventeen days on market, right?
Home staging helps reduce days on market, agents report
Real Trends
APRIL 3, 2023
As days on market has lengthened for home sellers, it is not a surprise to see the return of home staging as a tool to attract potential buyers,” Jessica Lautz, NAR’s deputy chief economist and vice president of research, said in a statement.
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Why “Days on Market” Matters to Home Buyers When Selling a House
HomeLight
APRIL 18, 2022
The amount of time a home spends on a market (a statistic known as “days on market”) depends on a variety of factors like location, market trends, how your listing is marketed, and pricing. For instance, in Lafayette, LA the median days on market spent is 72 days, while in Atlanta, GA that number is 33 days.
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Does Days on Market (DOM) Matter in Real Estate
Realty Biz
FEBRUARY 25, 2022
Days on Market, also known as DOM, is a widespread commercial term, which applies to all markets and products, be it a cake, a pair of shoes, or a real estate item. This concept has everything to do with the idea of “freshness” or actuality that any type of product has on a specific market. DOM on The Real Estate Market.
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Home sales dip 5.4% in June, days on market hit historic low
The American Genius for Real Estate
JULY 20, 2022
Existing home sales fell in June, the median home price hit a historic high, and the average days on market also hit a historic low. Combined with rising interest rates squeezing even more folks out of the market, the housing market is in new territory. The post Home sales dip 5.4%
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What Do Days On Market Mean to Home Buyers
Mandrona Group
DECEMBER 28, 2021
Here’s a sweet analogy for Days on Market – think of a home for sale like your favorite bread or. Read More.
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In Which I Solve the Days On Market “Mess”
Notorious ROB
SEPTEMBER 22, 2020
Over at Inman, there’s a great writeup of a truly inside baseball topic: the confusion and controversy around Days On Market. Read more In Which I Solve the Days On Market “Mess” The post In Which I Solve the Days On Market “Mess” appeared first on NotoriousROB.
Is Your Listing’s ‘Days on Market’ Scaring Off Buyers? Here’s How To Fix It
Realtor.com
OCTOBER 12, 2021
If your "days on market" metric is too high, you might be totally killing your sale. The post Is Your Listing’s ‘Days on Market’ Scaring Off Buyers? Sorry, sellers. Here's what you need to know, and how to fix it. Here’s How To Fix It appeared first on Real Estate News & Insights | realtor.com®.
The future of the MLS may be murky, but brokers still want the data
Housing Wire
NOVEMBER 11, 2024
As he has previously stated, Reffkin highlighted data such as days on market and price drop history, which is typically displayed alongside all listings in the MLS, as being problematic and harmful to home sellers. “I I believe days on market is the killer of value.
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Don’t get too excited about the jump in existing home sales
Housing Wire
FEBRUARY 23, 2024
Another positive data line is that the days on market are above 30 days, which is something I would love to see year-round. The days on market are very seasonal, but we haven’t had the days on market stay over 30 days year-round since 2020, which is a reflection of active listings still being near all-time lows.
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Why Austin home prices remain stubbornly high
Housing Wire
JUNE 20, 2024
Looking at Altos Research data on home prices, inventory and days on market over the past five years, Austin’s meteoric rise during the pandemic era — and its abrupt cooldown after mortgage rates started to rise in May 2022 — are evident. Contrast that with June 2022, when the average was a mere 29 days. increase.
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Will the housing market continue its hot streak in 2022?
Housing Wire
DECEMBER 10, 2021
I’ll also highlight which variables we should be watching for unexpected market shifts. The first signal we look at to forecast the strength of the housing market is days on market – how fast are homes moving? Demand will continue to be strong into 2022.
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It’s no longer a frenzy, but the Bergen County housing market is still hot
Housing Wire
SEPTEMBER 30, 2024
We are seeing some price drops start to happen and a little bit longer days on market.” Fontantella isn’t the only one seeing slower market conditions in Bergen County. The Altos Research Market Action Index score for the county has dropped from a 90-day average of 54.63 in early May to 47.88 as of Sept.
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A San Diego data dive shows a market upended by tight supply
Housing Wire
FEBRUARY 28, 2024
A sales boom in 2020 and 2021 slashed home listings’ days on market and pushed up home sales’ price per square foot and sale-to-list price ratios. Mortgage data paints a similar picture of the increasing competitiveness of the San Diego market. The number of listings in San Diego fell 50.5%
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The health of this housing market: Comparing 2024 data to 2011
Housing Wire
JULY 3, 2024
Days on market One of the problems with having so many foreclosures and a lack of demand back in 2011 is that it took over 100 days to close a transaction — this is a sign of an unhealthy housing market. Traditionally, I’d like to see the days on the market be between 30-45 days year-round.
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The savagely unhealthy housing market is back
Housing Wire
JUNE 22, 2023
The days on market are back to a teenager level in the existing home sales market, which means I can officially say we are back to a savagely unhealthy housing market! Nothing good happens in the housing market when the days on market are at a teenager level or lower. million in May.
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Why are home prices at all-time highs with more inventory?
Housing Wire
JUNE 21, 2024
Let’s keep it simple: total active listings are still below 2019 levels nationally, and the days on market are under 30 days today. Both existing housing inventory and home prices have been rising together year over year, which might seem odd at first glance since existing home sales are trending near all-time lows.
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The Latest Trends in Housing [INFOGRAPHIC]
Keeping Current Matters
MARCH 15, 2024
With the number of new listings going up and average days on market going down, buyers may have more options, but will still want to move fast.
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Housing inventory falls under 1M again as sales collapse
Housing Wire
JANUARY 20, 2023
However, in 2020 new listing data came back, and we don’t want to see the new listings continue to decline this year — that would be a double negative for the housing market. Days on market growing One of the reasons I called the housing market savagely unhealthy in 2022 was that houses flew off the shelves once they were listed.
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When will mortgage rates get over 4%?
Housing Wire
OCTOBER 4, 2021
Since the summer of 2020, I have argued that if mortgage rates could get over 3.75% , days on market would rise and the rate of price growth would cool. We need the days on market to grow out of the teenager stage. Start an HW+ Membership now for less than $1 a day. This content is exclusively for HW+ members.
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Housing market hinges on mortgage rates and supply, not commission structures
Housing Wire
AUGUST 8, 2024
17 , Simonsen has a few different markers he will be watching, including list-to-sale price ratio, days on market and the number of deals that fall through. “In In a normal market, homes sell and list for really close to the same dollar amount. As these business practice changes begin Aug.
More and more homes are languishing on the market
Inman
SEPTEMBER 25, 2024
homes had been on the market for 60 days or more, according to Redfin. Days on market has ticked up as high rates have slowed sales. In August, nearly half of all U.S.
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The share of ‘stagnant’ listings is rising: Redfin
Housing Wire
JULY 24, 2024
“A lot of sellers are willing to let their home sit on the market until they get the price they want, and a lot of buyers aren’t willing to pay sky-high prices when mortgage rates are still high, Stein added. “My My advice to serious sellers is to price fairly and make cosmetic repairs before listing.” metro area analyzed.
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Have we finally hit the bottom in existing home sales?
Housing Wire
NOVEMBER 21, 2023
Below are a few charts to go along with the existing home sales report: From NAR: First-time buyers were responsible for 28% of sales in October; Individual investors purchased 15% of homes; All-cash sales accounted for 29% of transactions; Distressed sales represented 2% of sales; Properties typically remained on the market for 23 days.
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Existing home sales lay the path for the 2024 housing market
Housing Wire
DECEMBER 20, 2023
From NAR : First-time buyers were responsible for 31% of sales in November; Individual investors purchased 18% of homes; All-cash sales accounted for 27% of transactions; Distressed sales represented 1% of sales; Properties typically remained on the market for 25 days. The days on market have always been a critical data line for me.
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Santa Monica: An unexpected haven for first-time buyers
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.
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The Thrifty Buyer’s Guide to Getting a Great Deal on a House
HomeLight
OCTOBER 21, 2024
Get Started Watch for listings with high days on market, price reductions When you start your search for a home, you’ll gravitate toward listing photos and property stats like beds, baths, and square footage as any house hunter would. Days on market is a real estate industry term for how long a home has been available for sale.
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Existing home sales now outperforming
Housing Wire
NOVEMBER 22, 2021
My single biggest concern for the years 2020-2024 was that home-price growth could overheat and we have seen that take place, which is why I keep on saying this is the most unhealthy housing market post-2010. Now we have some good news, the days on market grew one day from the last month’s report, from 17 to 18 days.
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Market Moods: Stale listings in the West, speedy sales in the East
Real Estate News
APRIL 14, 2023
A new report identified areas with the biggest increases and decreases in days on market. Agents in Erie, Charleston and Chico share their insights.
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Housing inventory crisis continues in 2022
Housing Wire
JANUARY 12, 2022
This level, while historically still low, will mean the days on market will go higher, and this will give people choices. Here are two charts from the National Association of Realtors that will show that homes simply come off the market too fast to give housing a breather. However, sales shot right back up higher, quickly.
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Housing Inventory Hits New Post-Pandemic High
BAM Media
AUGUST 2, 2024
Those 50 days on market, though, are still eight days shorter than the typical days on market for homes this time of year between 2017 and 2019. The share of listings with price cuts increased in all 50 of the top U.S. gain over July 2019.
The hazy, lazy days of summer hit the northern New Hampshire housing market
Housing Wire
JUNE 28, 2024
Although pending sales are up, local agents noted that properties are taking longer to go under contract, leading to an uptick in inventory and days on market. Data from Altos Research shows that the 90-day average number of days on market in Coos County is 49 days, up from 42 days a year ago.
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There’s nothing frozen about Anchorage real estate
Housing Wire
DECEMBER 21, 2021
The median days on market in November was 17, according to Redfin, much lower than the average of 80 days on market that Realtor.com reported in November 2019. The more outdated homes are kind of going back to more normal market trends in terms of average days on market.
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America’s 20 Hottest Housing Markets: July 2024 Rankings
Marco Santarelli
AUGUST 12, 2024
The Top 20 Hottest Markets – July 2024 1. Oshkosh, WI Median List Price: $374,000 Days on Market: 18 Oshkosh has emerged as the hottest housing market, recognized for its affordability and rapid sales pace. Decatur, AL: Experienced a decline of 112 spots. Yuma, AZ: Slipped down 104 spots.
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Rate drop leads to 3rd consecutive month of listing gains
Inman
FEBRUARY 2, 2024
Active and new listings experienced single-digit increases for the third consecutive month in January, according to Realtor.com's latest market report. The boost in listings also brought buyers out, leading to a four-day decrease in the median days on market.
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Is the savagely unhealthy housing market back?
Housing Wire
MAY 18, 2023
Just when I thought days on market were returning to normal, that number for existing homes fell back down to 22 days. If the days on the market are at a teenager level or even lower, it’s never a good sign for the housing market. Why is this so important to me? NAR Total Inventory Data going back to 1982.
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Rising insurance costs, ample inventory create a unique market in Southwest Florida
Housing Wire
MARCH 22, 2024
“Last year we were still adjusting from the effects of the pandemic market, but now the trends seem to be getting back to our baseline, which is more like our 2019 market,” Smith said. Days on market is also trending back to what is more normal for our market as well.”
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5 Reasons Today’s Housing Market Is Anything but Normal
Keeping Current Matters
SEPTEMBER 2, 2021
Days It Takes To Sell a Home. The days-on-market metric gives an indication of how hot a market is and how quickly homes are selling. In 2019, prior to the pandemic, the average days on market stood at 35, according to NAR. Today, that number is cut in half and is now at 17 days.
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Realtor scripts for managing seller expectations
Housing Wire
JULY 18, 2024
“I know that you may not be in a hurry, however, I do want to be sure you are aware of the fact that all agents and buyers can see our days on market and if the home doesn’t sell reasonably quick, they will use the high number of days on market to rule us out or to justify making a lower offer.”
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Restb.ai Debuts New Special Report Series
RIS Media
JULY 26, 2024
The inaugural report is the first-of-its-kind study to examine the impact of floor plans on Days on Market (or DOM). has debuted a new “Special Report Series” to unlock unique visual insights provided from Restb.ai’s proprietary AI models. Debuts New Special Report Series appeared first on RISMedia.
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