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

Median Sales Price
Average Days on Market
All SD County
La Jolla

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!

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