"How fast a house sells depends on a mix of pricing, location, condition, marketing, and market conditions-some of which you can control, and others you can't. While some homes attract offers within days, others sit on the market for weeks or months, often due to small missteps that compound over time. A key metric sellers and agents use to track speed is days on market (DOM)."
"Days on market refers to the number of days a home is listed for sale before it goes under contract. Lower DOM typically signals strong demand, accurate pricing, and good presentation, while higher DOM can indicate pricing or market challenges. At a high level, the biggest factors that influence how quickly a home sells include: Asking price relative to comparable homes Local supply and demand Home condition, staging, and curb appeal Location and nearby amenities"
How quickly a house sells results from pricing, location, condition, marketing, and broader market conditions, some controllable and others not. Days on market (DOM) measures the number of days a property is listed before going under contract and serves as a key signal of demand and pricing accuracy. Typical DOM interpretations: 0–7 days indicates strong interest; 8–30 days reflects normal activity in many markets; 30+ days can signal issues with price, condition, or location. Rising DOM can change buyer psychology by suggesting negotiation room or prompting questions about past passovers. Local average DOM provides the most relevant benchmark.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
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