A Comparative Market Analysis (CMA) often includes Days
on the Market (DOM) for each comparable house sold. When
real estate is booming and prices are rising, houses may sell in a
few days. Conversely, when the market slows down, average DOM can
run into many months. We can tell you whether your area is currently
a buyer's market or a seller's market. In a seller's market, you
can price a bit beyond what you really expect, just to see what
the reaction will be. In a buyer's market, if you really need to
sell promptly, offer an attractive bargain price. |