“How Long Will It Take . . . ?”
February 8th, 2010 . by Jon ModeneALWAYS asked at every listing appointment.
The answer is . . . “it depends”.
On your price. Your motivation. Your vacuuming. Your pets. Your kids. Your collection of stuff.
Overall, in Perrysburg, the average DOM or “days on the market” is right about 90 as of last month.
However it changes month vs. month and week to week.
Why? Houses are coming on the market. They are going pending. They are coming BACK on the market. And with a 300 to 500 house sample population it does not take much to whipsaw the numbers for one month.
So the TREND is what I look at.
With REO sales red hot right now (so says this report from California and my own Perrysburg REO’s are pretty much all sold or under contract). . . is that activity helping move other, non REO houses?
Inquiring minds want to know:
You can too – on this chart.
And the trend is that houses are selling FASTER (fewer average days on the market) and there is less “wait” (which we call MSI or “months supply of inventory”) The Perrysburg MSI is now 1/2 of what it was a year or two ago – down from 21 months to a more manageable 7.1 months supply of inventory.
Price still rules.
So get your house priced right, cleaned up, and then the numbers will play out good for you.
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