MEDIAN DAYS ON THE MARKET
MEDIAN DAYS ON THE MARKET
In a fast market (low DOM): Be decisive, bring strong offers, and expect multiple-offer situations.
In a slower market (high DOM): You’ll likely have more leverage — time to weigh options, room for negotiations, and potentially better pricing.
In an in-between market: Strategy depends on the specific home — some move quickly if they’re priced well, while others linger.
Shows negotiating power
If the number is under 100%, buyers often have more leverage to ask for price reductions, closing cost help, or repairs.
If it’s above 100%, sellers are in the driver’s seat and buyers need to come in strong.
Helps set expectations
It prevents surprises. For example, in a hot market with 102% median, you’ll know to budget for offering more than list price.
In a cooler market at 97%, you’ll know it’s normal to pay less than list.
Guides your offer strategy
It tells you what’s “typical” so your offer is competitive without overpaying.
Your realtor (that’s me 😉) will combine this with local comps and your goals to shape the smartest offer.