Average Days On The Market

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The above chart is the average number of days required for a home in Willow Glen to sell. The term that agents use is Days on Market or DOM.

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Prior to October 2006 a listing agent could pay the MLS service to re-list a property, thus starting the DOM clock at zero again. With this change the MLS will more accurately determine the DOM of a listing. Now a property has to be off the market for 30 days or more to reset the clock. While this change will better represent the age of a listing it will invalidate the previous years DOM data as a point of reference. We now use CDOM or Continuous Days on Market which tracks the true time a property is listed, regardless of price changes and changes of listing agents or real estate companies.

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The data presented is based on the total number of transactions reported by the REIL MLS service for Single Family Residences in Willow Glen (area 10).