Great information. The article says: "The average days on market remained high at 35 days, an increase of 30% year over year." Yes, compared to recent years since the pandemic frenzy 35 days on market is longer than it was but I don't know anyone that's followed the market historically that would call 35 days on market high. That's still a short time to sell based on a normal market. Interesting that I couldn't find one current article that defined what average days on market should be for a balanced market that doesn't favor sellers or buyers. Yes, days on market does vary by area and timing but I would say anything below 90 days on market would historically be considered a sellers market and I think many would say even longer than that to get to a balanced market.
Great information. The article says: "The average days on market remained high at 35 days, an increase of 30% year over year." Yes, compared to recent years since the pandemic frenzy 35 days on market is longer than it was but I don't know anyone that's followed the market historically that would call 35 days on market high. That's still a short time to sell based on a normal market. Interesting that I couldn't find one current article that defined what average days on market should be for a balanced market that doesn't favor sellers or buyers. Yes, days on market does vary by area and timing but I would say anything below 90 days on market would historically be considered a sellers market and I think many would say even longer than that to get to a balanced market.