You’ve probably heard the notion that a more-expensive house takes longer to sell. Is that true in today’s fast-paced, low inventory era?
2016 Detached-Home Sales
|All SD County|
We know that the $560,000 market has been hot as a pistol, yet on average, it only takes three more weeks to sell a house in La Jolla.
What does the average DOM mean?
It’s the average time before a listing is the best deal in its marketplace.
Because sellers are so consistent about wanting more than the last guy, you could say it’s just a matter of time – you just need more listings to hit the market around you.
If a listing is on the market for months and not selling, something must be really wrong – but price will fix it!