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.
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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