Average Days on Market

This is a measure of how many days it took a home to sell. This is an important number because it shows how long the average home takes to sell. When we see homes that have a significantly higher number of days on market then the average, we tend to look for red flags. This number only reflects the Days on Market for homes that have Sold/Closed for the month. This statistic is very price sensitive, the higher the price range the longer the days on market tends to be.