Sellers’ Market Alert! Real Estate Factoid!
Since yesterday morning, as of now, 55 Wake County homes have been put on “Contingent” status in the Triangle MLS.
For those 55 listings, the median average Days On Market, “DOM,” is 30.
And that is happening with multiple offers, difficulty getting showing appointments, and barely ready listings.
And, this is mid-April. We are just ramping up!
Thus defines a “Sellers’ Market,” and a “Frustrated Buyers’ Market.”