What is Dom in this area?

Asked by Kaestler.kelli, Charlotte, NC Fri May 18, 2012

4 bed 2.5 bath 1822 sq. ft. built 1977 rehabbed

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Sergio Rocha’s answer
Sergio Rocha, Agent, Charlotte, NC
Fri May 18, 2012
There are 16 homes currently for sale within a mile radius from the intersection of Hwy 51 and Park Road. These homes have been in the market between 14 days at the lowest and 369 days at the highest with an average DOM of 136 days.

In the last 90 days, 14 homes have closed. These sold homes were in the market anywhere in between 3 days at the lowest and 274 at the highest with an average of 101 days. As you can see the market is pretty active in that area, but pricing your home right will make a huge difference how long it stays unsold. Would love to sit down with you to show how effectively i can market your home.
0 votes
Daniel Fisher, Agent, Charlotte, NC
Fri May 18, 2012
Good afternoon, Kelli:
Within the last 12 months, 73 homes with 2300 or less square feet that are located within about a mile and a half of your location have sold after being on the market from 5 to 432 days. The average is 125 days. Homes currently under contract average slightly less.
Details about these specific properties, list to sale prices, subdivision locations and other information are in the below MLS web report I just researched. If you need more details or are considering listing your home for sale I would be pleased to hear from you. If you appreciate an answer, please give "thumbs up". For the most helpful answer, please say thanks with a "best answer" click.
Web Reference:  http://goo.gl/mxduZ
0 votes
Cheryl King, , Charlotte, NC
Fri May 18, 2012
There are many factors which influence DOM such as where the home is located, its condition, and what other competition the home might have in its price range. Please feel free to call me and I'll be glad to get the particulars of your home and give you an idea as to what you can expect in your area.
Keller Williams Realty is a full service brokerage with a wonderful marketing system and I'd be happy to discuss a plan to list and market your home.

Cheryl King
Keller Williams Realty

0 votes
Rose Cramer, Agent, Denver, NC
Fri May 18, 2012
The average days on the market are running about 120 days. Each individual property of course has its own DOM due to many factors ie: price, condition, location. In this current market many homes are moving more quickly due to lack of good inventory. If a home is priced fairly and in good condition it should come in under the 120 rule. If you would like assitance further, visit our website at http://www.carolina-real-estate.com
0 votes
Tim Moore, Agent, Kitty Hawk, NC
Fri May 18, 2012
Are you asking what DOM means? Days On Market = length of time it has been listed for sale.
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