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What does days on market mean?

What does days on market mean? Is it important? What does it mean if there's more days on market or less days on market?

Asked By Shilo | Albuquerque, NM | 174 views | Terms Definitions | 7 months ago

Answer(2)

Semi-Pro

Josephine & Raj Sharma

Legacy Homes Realty

(132)

Hi, Days on market is a time the house has been on the market for sale, longer the days on market the longer it has been listed for sale on the market and not sold. Hope this helps.

7 months ago
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Semi-Pro

Julianne Clark / Your Lowcountry Realtor

Charter One Realty

(45)

Day on market means how many days the home has been listed for sale. Cumulative days on market is how many days its been on market and not sold. For example -- if the Seller lists with one agent/brokerage and then changes to another agent/brokerage without selling. The time from the first exposure to the open market is where the count starts.

7 months ago
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