

1,641,879
The days on market stigma is 100% related to the average days on market for that area in that market at that time. I have had listings in markets where 10 months was average and 30 would have been a dream. In today's market, 30 days on the market, likely isn't a stale property it's just unrealistically priced one and needs to be corrected. Today's market produces "castle-syndrome".
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Katina Hargrove 352-55...
Eustis, FL
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John Juarez
Fremont, CA
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Wayne Martin
Oswego, IL
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Inna Ivchenko
Encino, CA
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Carla Freund
Raleigh, NC
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Kathleen Daniels, Prob...
San Jose, CA
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Thomas J. Nelson, REAL...
La Jolla, CA
1,030,385
Well, Redfin thought that my last listing was worth 610K. It sold - and appraised - for 715K. So there is that. In my market area, we've seen a sudden change, seemingly overnight, with more listings not selling on the first weekend, less buyer competition, and more listings with price adjustments. It's temporary, but with market shifts when a listing becomes stale is also shifting. IMHO, it always depends on the location and the house.
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Katina Hargrove 352-55...
Eustis, FL
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John Juarez
Fremont, CA
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Inna Ivchenko
Encino, CA
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Carla Freund
Raleigh, NC
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Candice A. Donofrio
Fort Mohave, AZ
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Carol Williams
Wenatchee, WA
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Kathleen Daniels, Prob...
San Jose, CA
5,389,961
I don't like general metrics like that. If the average DOM in an area is 50 days, why would a listing be stale at 30 days?
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Katina Hargrove 352-55...
Eustis, FL
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John Juarez
Fremont, CA
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Inna Ivchenko
Encino, CA
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Carla Freund
Raleigh, NC
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Carol Williams
Wenatchee, WA
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Kathleen Daniels, Prob...
San Jose, CA
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Andrea Bedard
Silver Spring, MD
2,872,647
DOM (days on market) is more relevant today and has a history of coming & going for being important. There was a time when people demanded & held out for top dollar no matter what, indifferent as to whether it sells or not. The economy at the time dictates how important DOM is backed by the attitude concerning it. Now, high interest rates, high prices & take it or leave it (if you can get it) is passing thru. Agents must know these things
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Katina Hargrove 352-55...
Eustis, FL
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John Juarez
Fremont, CA
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Richard Alan Naggar
Riverside, CA
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Carol Williams
Wenatchee, WA
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Kathleen Daniels, Prob...
San Jose, CA
878,941
Depends upon the listing but if it's a "typical" listing, I agree & might go so far as to say it's a generous time frame.
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Katina Hargrove 352-55...
Eustis, FL
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John Juarez
Fremont, CA
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Andrea Bedard
Silver Spring, MD
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Nina Hollander, Broker
Charlotte, NC
1,113,198
Redfin hasn't been to my town, clearly.
The answer depends entirely on the property type, location and a long list of 'whys' . . .
Here's the bigger problem: Agents buy into this crap.
If a listing's been on market for a while, how does the 'bot' know whether the seller needs to move it slowly, has rejected offers with undesirable terms or maybe seller's on a 6 month cruise and can't sign paperwork for a while?
So when an agent comes at me with "Well it's been on the market 799 days" as justification to make a lowball offer . . . maybe seller has the luxury of time to get their desired deal, dude!
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Katina Hargrove 352-55...
Eustis, FL
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John Juarez
Fremont, CA
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Carla Freund
Raleigh, NC
3,447,691
That would be "dead man walking" in my market.
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Katina Hargrove 352-55...
Eustis, FL
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John Juarez
Fremont, CA
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Carol Williams
Wenatchee, WA
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Kathleen Daniels, Prob...
San Jose, CA
5,559,806
In reality, Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets nailed it!
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Katina Hargrove 352-55...
Eustis, FL
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John Juarez
Fremont, CA
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Thomas J. Nelson, REAL...
La Jolla, CA
5,350,963
I agree with Nina Hollander, Broker ...look at the average days homes are on the market in your area and then calculate if a listing is stale.
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Katina Hargrove 352-55...
Eustis, FL
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John Juarez
Fremont, CA
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Nina Hollander, Broker
Charlotte, NC
929,885
In the current crazy market, maybe; normally 30 days is not a big deal, but maybe time to reconsider the price somewhat.
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Katina Hargrove 352-55...
Eustis, FL
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John Juarez
Fremont, CA
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Nina Hollander, Broker
Charlotte, NC
944,471
I say it depends on the local market.
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Katina Hargrove 352-55...
Eustis, FL
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John Juarez
Fremont, CA
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Nina Hollander, Broker
Charlotte, NC
6,767,769
Depends on the listing, cookie cutter listings like redfin likes are generally off the market in a weekend.
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Katina Hargrove 352-55...
Eustis, FL
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John Juarez
Fremont, CA
5,203,184
Depends on the local market, condition, price point, location among other issues.
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Katina Hargrove 352-55...
Eustis, FL
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John Juarez
Fremont, CA
2,131,237
All real estate is local.
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Katina Hargrove 352-55...
Eustis, FL
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John Juarez
Fremont, CA
1,546,324
My thoughts: LOL!!!
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Katina Hargrove 352-55...
Eustis, FL
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John Juarez
Fremont, CA
1,657,808
Well, that's why maybe we see so many cancelled/just listed listings with the same agent?
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Katina Hargrove 352-55...
Eustis, FL
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John Juarez
Fremont, CA
3,223,757
depends. some listings are unicorns that take a long time for the buyer and others are unicorns that everyone wants.
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Katina Hargrove 352-55...
Eustis, FL
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John Juarez
Fremont, CA
1,478,941
What makes you think I care what Redfin says?
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Katina Hargrove 352-55...
Eustis, FL
796,639
Sometimes a house on the market only ten days can be a stale listing. It all depends on the current status of the local market.