Hi, I write a blog for Fishers and cover market reports for various neighborhoods. The market reports show the DOM as well as price per sq ft and other useful information. Along with neighborhoods, the actual home itself will play into DOM. If you have updated the home, keep in pristine condition and have a good to great backyard and price it correctly; your days could easily be less than 30. Of the 117 that pended in May of this year in your zip codes, 39 of them were on the market less than 30 days (or 33%). Also, of the 117 that pended, 44 of them were less than $175,000.

I guess my point is that "it depends" is a fair answer; if you would like me to do a specific analysis of the home you are thinking about buying or selling, please contact me. I'd love to have the opportunity to work with you.

Jas11

This is actually a very challenging question to answer with any subjective accuracy.

Days on Market (DOM) varies across price brackets, among neighborhoods, by location, etc.

I think an accurate answer to your question can only be provided if we narrow down the search to properties that are most like yours based on price, size, location and condition.

Ask your agent to provide active, pending, sold and expired data for homes which are most comparable to yours. That data will help you assess the market and set reasonable expectations about market time.

Regarding how agents might or might not manipulate perceived market data: our local board (MIBOR) has implemented technology to eliminate DOM manipulation which used to be possible by releasing and then re-listing a property, thereby resetting the DOM back to zero. Our market data has become much more accurate as a result of that effort.

Good luck!

Joe Shoemaker
Principal Broker, REALTOR®
MacDuff Realty Group
joe@macduffrealty.com

Average Days on Market for current pending sales in 46037 is 86 ... with a low of 1 and a high of 471. The only problem is that the number 86 is nothing but a number. Apparently, some agents and companies make a practice of releasing and re-listing the same property several times within the same listing contract period. I have even seen cases where an agent has released a property, re-listed it and then sold it the same day ... it sure looks good on paper! Visit http://www.TheRealEstateExpress.com for opportunities at saving money when you sell your home.