Reimagining Days on Market


Reimagining Days on Market
By Scott Rogers • June 24, 2015
Two months ago, our "Median Days on Market" in this area was 119 days. Now, as shown above, it's only 66 days. What's happening? A drastic acceleration of our local real estate market? Actually, no. "Days on Market" is now being calculated differently by our new MLS. In the past, the "Days on Market" was counting the number of days between the list date and closing date. Now, it is a calculation of the number of days between the list date and when a property goes under contract. In many ways, this is a more helpful calculation -- it takes the variable of "how long it takes a buyer to get to closing once they are under contract" out of the equation. Now, "Days on Market" shows how long it takes for a house to go under contract. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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