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Days 🌅on Market - Important to Know ✅
- Kathy Hyatt
- May 31
- 1 min read
Days 🌅on Market - Important to Know ✅
Did you know 🤔that keeping an👀 Eye on DOM Trends can tell you a lot about your 💒🏰Local Market?
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If the Average DOM in an Area is 👇Low, it typically means that demand is 👆High, with more Potential 👨👩👦👦👩👩👧👦👨👩👦Buyers than Properties for Sale. Buyers should be Prepared to Act Fast🏃♂️🏃♀️ and Homes are Likely to Sell at or Above Asking Price.
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On the other 🖐Hand, if the average DOM is high—think many Weeks or even Months— then Inventory is Greater than Demand. Sellers in this Type of Market may need to Compromise on Price and offer 🎁Buyer Incentives.
Do You Want to Know the Average DOM in your Area? Contact Kathy to find out!
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📞954-347-0244
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