In real estate, Days on Market refers to the length of time it takes for a home for sale to enter into a contract to purchase.
Days on market only reflects the time the property was available to prospective buyers and not the length of time it takes during the escrow period to sell.
Example:
123 Main Street is offered for sale on June 1st.
The home seller accepts an offer on June 21st and the property is sold on July 15th.
The Days on Market is 20 Days (June 1st – June 21st)
Typically, a realtor with a short average Days on Market shows they consistently sell homes faster.
See how our Days on Market compares to the average real estate agent in San Diego
THE REAL ESTATE BUSINESS HAS LESS TO DO ABOUT SELLING PROPERTIES AND EVERYTHING TO DO ABOUT HELPING PEOPLE.
