Deep Dip Days On Market

# of Sales Distribution

7 7a

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Here are the Number of Sales for each of the 9 groups of Days On Market. Knowing that the overall Median Days On Market is only 9 days may make sellers think, “Wow, that’s low, my house should sell quickly.” But it is important to remember, that the Median is the Mid-Point. Yes, half the listings sold in 9 or LESS days. Yet, half the listings sold in 9 or MORE days.

In round terms, for every house that sold in 6 days, there is one that sold in 16 days. For every house that sold in 4 days, there is one that sold in 41 days. For every house that sold in 3 days there is one that sold in 92 days. And, for every 2 that sold in 1 day there is one that sold in 224 days.