Behind the (Days on the Market) Numbers
One’s?perception of the San Francisco market is a bit deceiving without looking ??œbehind?the numbers??? today.? No one has had to really look ??œbehind the numbers??? when there is high demand and low inventory.?? One can gauge the market by how quickly properties sell (looking at the?DOM – days on market).?
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As in any market, if two comparable properties come on the market in a particular neighborhood at the same time and one sells and the other one doesn????t???.it is pretty easy to determine that?either the marketing, the price, the terms, and/or the condition attracted the buyer(s) to one property vs. the other.?
Without looking beyond the?graphs, the averages, and the medians, one is unaware the number of?properties that are selling?quickly?from those that are taking their sweet old time.
To understand?which market a seller is in and/or buyer is looking in, one needs to separate the days on the market, not by price range but by speed.?
July 3rd, 2008 at 6:03 pm
[...] Original post by San Francisco Real Estate Properties [...]
July 24th, 2008 at 10:08 pm
When you look at days on market are we seeing a decline in price or are we talking about a dearth of buyers from the credit crunch?