Mimi Foster, Voted Colorado Springs Best Realtor (FALCON PROPERTY SOLUTIONS )

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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

In Charlotte, it depends upon the price point.

Under $300K homes are expected to 'fly off of the shelves,' while with $500K+ homes, there is an expectation for longer DOM.

Jan 11, 2019 11:07 AM
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Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Yes, shows you if you have an overpriced turkey or not.

Jan 11, 2019 11:04 AM
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

So many factors to consider. In certain areas of the market it definitely makes a difference.  

Jan 11, 2019 11:06 AM
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Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Depends on the property. Some people think that 90+ DOM means they can make lowball offers without even going to see the property. Many/most of those " buyers" are just fishing for deals. Even agents automatically think something is wrong with a property if it's been on market over 90 days. i would bet houses would still same for same prices if DOM was eliminated from the MLS.

Jan 11, 2019 10:45 AM
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Mike Cooper, GRI
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

Yes and no. They are kind of an outlier in a market report around here. The house, condition, price, neighborhood, neighbors, neighbor's dog, availability for showings, and so many other things can keep a house on the market longer than one a few blocks away. 

Jan 11, 2019 10:23 AM
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Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

yes, except with new homes.... in subdivisions, the number of days is skewed because agents submit the entire phase and it takse many months to put under agreement....

Jan 11, 2019 11:04 AM
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Maria Sapio
Berkshire Hathaway Homesale Realty - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

To the seller - probably
To the listing agent - most likely

Jan 11, 2019 11:13 AM
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Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

I think they do. We still have a shortage of listings in many areas. So if a property hasn't sold in a hot area, it makes you question "Why?"

 

Jan 11, 2019 10:32 AM
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Richard Weeks
Dallas, TX
REALTOR®, Broker

Makes me think 

1 it's overpriced

2 the house has major problems

Jan 11, 2019 03:12 PM
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

It is a sign to be wary. Maybe price, condition or location 

Jan 11, 2019 02:18 PM
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Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

You bet they do! Is there an area where they don't count?

Jan 11, 2019 11:23 AM
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Bob "RealMan" Timm
Tivoli Custom Homes - Minot, ND
Bob Timm, Project Coordinator for Tivoli Homes

To some extent of course Mimi Foster . If a property has been on the market for more than 90 days without a price reduction you can bet you will get low-ball offers if any.

Jan 11, 2019 11:06 AM
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Peter Mohylsky, Bucket List
Gulf Place @ 30A - Santa Rosa Beach, FL
Do you have a bucket list in the works?

Dom is important to check but with investment properties, might be a moot point

Jan 11, 2019 04:19 PM
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Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Yep, definitely matters in the Boise Metro market Mimi Foster. -Kasey 

Jan 11, 2019 03:18 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

To some people they do matter.

Jan 11, 2019 03:11 PM
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Caroline Gerardo
CMG Financial - Newport Beach, CA
C. G. Barbeau the Loan Lady

In high priced areas days on market are normally longer. Yes it does indicate the property is overpriced but could also be out of the norm, or seller not cooperate, or agent unavailable, or marketing not so jazzy ...

Jan 11, 2019 01:49 PM
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Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

I agree with those saying it depends on the price point.  In our market the average for all price ranges is 3 months supply but in the over 650K range it is 9 months. 

Jan 11, 2019 01:14 PM
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Yes.

Jan 11, 2019 01:10 PM
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Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Yes. If property isn't selling, it is most likely overpriced or something is seriously wrong.

Jan 11, 2019 12:58 PM
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

It entirely depends upon the property type and the property itself.

Jan 11, 2019 12:52 PM
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Corinne Guest
Barrington Realty Company - Barrington, IL
Barrington Lifestyles

Like always, it depends. Our luxury market is in trouble, so long days are typical across the board over $1.5 million. Cannot use them as a judge of over-pricing rather than a real lack of buyers. The rest, well it's a good number to know but never a reason to look at homes you cannot afford as a buyer and then make low ball offers.

Jan 11, 2019 12:11 PM
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Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

For a resale home absolutely, other categories like new homes, land ,commercial not as much

Jan 11, 2019 12:07 PM
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

One of the most meaningless stats in real estate in my opinion.

Jan 11, 2019 11:55 AM
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Yes, and no. Depends on the price range. 

Jan 11, 2019 11:51 AM
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Yes.  It matters differently based upon the property.  Price point. Location. You get the idea. 

Jan 11, 2019 11:33 AM
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Mimi,

In Santa Barbara, we have listings that have been on the market for years on the very high end.  On the median price homes, it matters.  So, it Depends!

Jan 11, 2019 10:15 AM
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Depends on the property

Jan 12, 2019 01:18 PM
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Francine Viola
Coldwell Banker Evergreen Olympic Realty, Olympia WA - Olympia, WA
In Tune with your Real Estate Needs - Olympia WA

I agree - a long DOM does stigmatize property.  A buyer’s agent is leery of it and a buyer thinks it’s now open hunting season and will go in for the kill

Jan 11, 2019 08:58 PM
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Mimi Foster it does, sometimes it depends on the property.

Jan 11, 2019 08:38 PM
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Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

In most cases (depending on the average days on market in a particular area) it does matter. Real estate is local..if 30 or 60 days is common in your area to receive an offer..shouldn't be a problem.

Jan 11, 2019 07:18 PM
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

After 1 month on the market shoing active. Something is wrong with the home. Next.

Jan 11, 2019 01:54 PM
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Only to test if what is happening is real...

Jan 11, 2019 12:54 PM
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John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

DOM is significant. It can be an indicator that there is a problem with the property as well as indicator of a shifting market. What problem? Price, condition, location, seller motivation, etc.

The buyers love DOM because they think that long DOM is an invitation to a low-ball offer.

Jan 12, 2019 10:27 AM
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I believe Mimi that it does matter to sellers.

 

Jan 12, 2019 10:17 AM
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Mike Baltierra
Rise Realty - Corona, CA
Full Service at Your Service Realtor-Corona CA

The longer on the market there is a problem no matter where you live. One area that I worked just had a ton of listings so many of the houses got caught with their price to high where as the new listings were coming in lower. Many of the sellers didn't adjust their price and were sure they were still in a sellers market. Surprise the market changed again.

Jan 12, 2019 06:36 AM
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Chuck Willman UtahHomes.me
Utah Homes - Alpine, UT
Utah Homes

I think it's one of the key indicators. It's the "pulse" of the local market. I like to see Day on Market by price point. There are times when days on market in the low end are extremely short and very high on the high end. A generic days on market for the entire market (not price relative) may mislead us.

Jan 12, 2019 04:38 AM
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Dan Tabit
Keller Williams Bellevue - Sammamish, WA

I'm sure it's a factor everywhere. Something new and shiny always attracts more attention than the ones with dust on them. 

Jan 11, 2019 05:23 PM
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Yes.

Jan 11, 2019 03:38 PM
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I think it is pretty similar for most markets.  Maybe a little different when you get into the luxury markets.

Jan 12, 2019 07:45 AM
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Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Not really. Depends of the owners - if they willing to sell.

Jan 19, 2019 03:02 PM
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Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

No, not at all.

Jan 19, 2019 12:44 PM
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Yes they do, and we are seeing an uptick in DOM.

Jan 15, 2019 07:46 AM
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Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Sure, buyer's love to ask "how many days has it been on the market?" And how they will use that information... is not good.  

Jan 13, 2019 10:20 PM
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Sandy Padula and Norm Padula, JD, GRI
Realty National - Carlsbad, CA
Presence, Persistence & Perseverance

You bet in both the mind of buyers and sellers expecting their 'castle' to sell in hours

Jan 12, 2019 02:47 PM