What neighborhoods are selling and which ones are not? Days on market for single family homes is one of the ways to see what’s attracting buyers.
The chart reflects the number of days on the market for the current listing only. There is another number CDOM or cumulative days on market. This number is usually higher because it tracks the total number of days a home has been on the market. (the CDOM has some rules so check the history of a listing for accurate number)
Oakley with easy access to downtown and burbs continues to be a “hot spot”. Walkability, tons of shopping and priced a slightly below the Hyde Park and Mt. Lookout areas makes Oakley the current days on market leader.
As you head out to the suburbs, West Chester is running in second place. Both locations are well below the MLS average of 50 days on market. Homes for sale in Wyoming and Ross Township are sitting on the market slightly longer than average.
The numbers are averages cover entire neighborhoods and each area has streets and price ranges that sell as soon as they hit the market. Both buyers and sellers need to look at the real numbers for a property before making any pricing or buying decisions.
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