{"id":332,"date":"2014-07-18T17:57:00","date_gmt":"2014-07-18T17:57:00","guid":{"rendered":"http:\/\/dev.gahomesdigest.com\/blog\/do-days-on-market-determine-value.html"},"modified":"2014-07-18T17:57:00","modified_gmt":"2014-07-18T17:57:00","slug":"do-days-on-market-determine-value","status":"publish","type":"post","link":"https:\/\/search4.homes\/do-days-on-market-determine-value\/","title":{"rendered":"Do Days On Market Determine Value?"},"content":{"rendered":"<h1>Do Days On Market Determine Value?<\/h1>\n<p><iframe src=\"https:\/\/www.youtube.com\/embed\/EYCCsjUNEAE?rel=0\" width=\"560\" height=\"315\" frameborder=\"0\"><\/iframe><\/p>\n<p>There&#8217;s a lot home buyers that look at Days On Market (DOM) as an indicator of value and frankly as a suggestion that maybe the price is too high. \u00a0This was certainly the case under normal market conditions and for traditional real estate sales.<\/p>\n<p>Unfortunately (or fortunately), we are not in a normal market with traditional sales, at least not in the<a title=\"Atlanta Real Estate\"> Atlanta Metro Area<\/a>. We&#8217;re in a seller&#8217;s market with little inventory and the sellers have little to no or even negative equity. \u00a0Ultimately, that creates an interesting mix but banks aren&#8217;t exactly known for\u00a0efficiency. \u00a0With bank owned homes we&#8217;re seeing closing timelines of up to 45 days. \u00a0With <a title=\"Short Sales\" href=\"https:\/\/www.atlantashortsalelistings.com\/\" target=\"_blank\" rel=\"noopener\">short sales<\/a>, you&#8217;re looking at 90 days if you are lucky. \u00a0If the buyer is changed on these kind of deals, this causes additional delays and &#8230; increases the days on the market.<\/p>\n<p>Days on Market is a good option to look at on traditional real estate sales (where the owner has equity) but it&#8217;s a poor indicator for distressed property sales such as short sales or REO property.<\/p>\n<p><strong>Related Real Estate Resources:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.atlantashortsalelistings.com\/\" target=\"_blank\" rel=\"noopener\">Atlanta Short Sales<\/a><\/li>\n<li><a href=\"https:\/\/search4.homes\/how-accurate-are-sites-like-zillow-in-their-estimates-of-what-you-could-list-it-for\/\">How Accurate is Zillow<\/a><\/li>\n<li><a href=\"https:\/\/www.youtube.com\/playlist?list=PL4C3808A40AABEC8B\" target=\"_blank\" rel=\"noopener\">Real Estate FAQS<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Do Days On Market Determine Value? There&#8217;s a lot home buyers that look at Days On Market (DOM) as an indicator of value and frankly as a suggestion that maybe the price is too high. \u00a0This was certainly the case under normal market conditions and for traditional real estate sales. Unfortunately (or fortunately), we are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[59,60,16,61],"_links":{"self":[{"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/posts\/332"}],"collection":[{"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/comments?post=332"}],"version-history":[{"count":0,"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/posts\/332\/revisions"}],"wp:attachment":[{"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/media?parent=332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/categories?post=332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/search4.homes\/wp-json\/wp\/v2\/tags?post=332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}