This is from NYC but it still applies – and validates how buyers everywhere are watching the Days-On-Market very closely, and expecting discounts the longer a listing sits unsold.
An excerpt:
His findings (above) show discounts steadily rising around 2 to 2.5 percent per 30 days on the market until around six months on the market. Then there appears to be an acceleration and discounts rise by 3.5 percent and then nearly 5 percent per 30 days.
Read full article here
