What Is Median Days On Market Hiding These Days?


What Is Median Days On Market Hiding These Days?
By Scott Rogers • July 22, 2024
At first glance, homes are going under contract just as quickly this year as last year, as shown by looking the first six months of each of those years... First Half of 2023 Median Days On Market = 6 Days First Half of 2024 Median Days On Market = 7 Days But... # Homes Taking More Than A Month To Go Under Contract... First Half of 2023 = 157 of 610 (26%) First Half of 2024 = 209 of 658 (32%) # Homes Taking More Than Three Months To Go Under Contract... First Half of 2023 = 67 of 610 (11%) First Half of 2024 = 85 of 610 (14%) So... yes, the median days on market statistic is remaining relatively unchanged, but there are certainly more homes this year than last that are taking a big longer to go under contract than sellers might have otherwise thought or hoped. 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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