article thumbnail

Why “Days on Market” Matters to Home Buyers When Selling a House

HomeLight

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.

article thumbnail

The Relationship Between Leverage & ‘Days On Market’

Toronto Realty Blog

” “Two agents have already asked for a copy of the home inspection.” But because of the relationship between leverage and days-on-market, I had the upper hand. The relationship between leverage and days-on-market sounds like common sense, but it’s not. ” And on, and on, and on.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

After the Home Inspection, What’s Next for Sellers?

HomeLight

Whether you’re buying, selling, or refinancing a home, you’re probably going to have to endure a home inspection. It can necessitate a lot of preparation and cause a certain amount of anxiety, but a home inspection is an important part of the process when you’re selling a home. But what’s inspected? Prepare for an inspection.

article thumbnail

Santa Monica: An unexpected haven for first-time buyers

Housing Wire

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. But it isn’t just first-time buyers. They spook easier.

article thumbnail

Interest rates and inventory challenge buyers in northwest Ohio

Housing Wire

In addition to more days on market for homes at higher price points, Campos said he has also seen some price reductions on listings at the higher end of the market. But Fleischmann noted that he still sees the occasional escalation clause, as well as waived inspections and appraisal gap clauses. “I

FHA loan 423
article thumbnail

The hazy, lazy days of summer hit the northern New Hampshire housing market

Housing Wire

There is nothing there right now that really scares us; buyers just have the opportunity to be a bit more sensible with their offers and don’t have to worry about waiving inspections or financing contingencies, which is a good thing.”

Marketing 397
article thumbnail

Boston is the nation’s hottest housing market

Housing Wire

We are back to seeing people paying over asking, waiving home inspections and doing whatever they need to do to purchase a property.” Due to the low inventory and high demand, the 90-day average median days on market in the metro area as of Feb. 16, 2024, the metro area had 1,753 active single-family listings.

Marketing 493