Augusta
VIP Contributor
Days on market (DOM) is about the number of days from the date a property or asset is listed for sale on the local real listing service to the date that the seller has sold or signed a contract for the sale of the property. Of course the signing is always done by the buyer.
With a low average DOM we can attributes it to a strong market for sellers. Likewise a high average DOM means a weak market for sellers that favors the buyers instead.
Homes tends to sell faster in Spring than Winter, aa more people will be looking to purchase homes in good weather months and average DOM will be low here to favor sellers.
With a low average DOM we can attributes it to a strong market for sellers. Likewise a high average DOM means a weak market for sellers that favors the buyers instead.
Homes tends to sell faster in Spring than Winter, aa more people will be looking to purchase homes in good weather months and average DOM will be low here to favor sellers.
