The Importance of True Days on Market
I was finalizing a market analysis today for a homeowner that is thinking about selling their home. I always look at Active properties (homes currently for sale), as well as what’s currently Under Contract and recent Closed sales to give a complete picture of the market. As I was reviewing the 12 properties I selected as comparison homes, I noticed that the recorded Days on Market (DOM) for some of the properties seemed suspiciously low.