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A Comparative Market
Analysis (CMA) often includes Days on the Market (DOM)
for each comparable house sold. When real estate is booming and prices are rising, houses
may sell in a few days. Conversely, when the market slows down, average DOM can run into
many months.
I can tell you whether your area is
currently a buyer's market or a seller's market. In a seller's market, you can price a bit
beyond what you really expect, just to see what the reaction will be. In a buyer's market,
if you really need to sell promptly, offer an attractive bargain price. |
