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Does Days on Market (DOM) Matter in Real Estate

Realty Biz

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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Bidding wars are starting to cool off

Housing Wire

” Top markets for affordable renovated housing inventory. Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at foreclosure auction or bank-owned (REO) auction.

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3 Graphs Showing Why You Should Sell Your House Now

Keeping Current Matters

This gives a seller the opportunity to choose the best buyer for their needs and be selective about things like time to close, contingencies, renovations, and more. Days on the Market. In today’s market, sellers aren’t waiting very long to find a buyer for their house, either. Bottom Line.

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How to compete and win with your listing presentation (+ scripts)

Housing Wire

Market Inventory: What is the current market and micro-market inventory? Days on Market: How long does it take for properties to sell? What renovations or updates have you made that you believe could add value to your home? Conversely, some repairs, renovations or updates may not be worthwhile.

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How to prepare a comparative market analysis (CMA) report

Housing Wire

Focus on properties that closed with reasonable terms and within a reasonable number of days on market. Pro Tip: You don’t need to include all the property details in your Comparative Market Analysis. Select active listings comps Choose active listings near to the subject property. They are more appropriate for an appraisal.

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30 real estate social media post ideas (+ popular agents to follow)

Housing Wire

To demonstrate this, share regular updates with posts that include stats, such as the average sale prices in your city or in desirable neighborhoods, the number of active listings, the average days on market, and more. How to maximize your home’s value Another thing that not all homeowners understand is resale value.

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. You’ll want to include the list price, sale price, and days on market. Call or text me with any real estate questions!

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