Days on Market has been climbing for over a year. I expect us to top out again around 80-85 days for the average sale just as in 2000-2001. I can live with it taking three months to sell a properly priced home. Its the improperly priced ones that worry me. Since they don't sell they don't show up on this chart.
A Weber County, Utah based blog that keeps you informed on real estate and related subjects. For all your real estate needs contact Jeremy Peterson ~ Owner/Broker of Vesta Real Estate ~ 801-390-1480
Tuesday, July 29, 2008
DOM Rising
Does it feel like its taking longer for homes to sell than a year ago? Your intuition is right.
Days on Market has been climbing for over a year. I expect us to top out again around 80-85 days for the average sale just as in 2000-2001. I can live with it taking three months to sell a properly priced home. Its the improperly priced ones that worry me. Since they don't sell they don't show up on this chart.
Days on Market has been climbing for over a year. I expect us to top out again around 80-85 days for the average sale just as in 2000-2001. I can live with it taking three months to sell a properly priced home. Its the improperly priced ones that worry me. Since they don't sell they don't show up on this chart.
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