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  • What are “Days on Market” ? – Real Estate Made Simple

What are “Days on Market” ? – Real Estate Made Simple

What Does “Days on Market” Mean?

Today I’m coming to you with a quick explanation of a term we throw around a lot in the real estate business: days on market. I’ll start off by clarifying that it’s not a measure of how long a property takes to close. In actuality, days on market is just how long a property sits on the market before an offer is accepted. We like to track the average days on market in our area because it provides us with a sense of how fast the market as a whole is moving. To learn more about days on market, watch this short video.

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