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Days on Market |
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Assuming that my home is priced right, How much time should I allow my home to sell? now, and in the beginning of '08
I live in Denville,NJ home price apprx $495K
Thank you, Edith.
John |
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What you're looking for is known in real estate circles as "DOM" -- "Days On Market." It's a figure that tells you the average length of time from listing to sale, in any given area. If you're lucky, you may even be able to find it for your specific neighborhood. At any rate, local real estate brokers should be able to tell you. There's no way I can judge it from outside your market. Too many local factors are involved--employment figures for one thing, number of homes on the market, whether your area is gaining or losing population, that kind of thing. National factors like the availability of mortgage money are also involved at any given time. |
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Edith
Originally published on July 9, 2007 |
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