Days-On-Market Update

To those of us in the business, this chart isn't really news. However, its nice to quantify what is going on out there in the marketplace.

Note: Black line is moving average.

What is interesting to me in this chart is the lack of seasonal variability that you see after July '07. Prior to then you had big and consistent swings between summer and winter months. That isn't a part of the current trend right now. Just one more thing for us to watch and see what happens.