Days on Market

After thinking about this week's screen scrape and the DOM re-set game. I went back to look at the houses pending sale in my search criteria. There seems to be a big divide which gets obscured when you look at averages.

I think DOM includes escrow in most realtor data, however my numbers are from the time a listing showed up in my criteria (either new, or lowered price into our range), to the time it lists as pending in the MetrolistMLS.

To get to the point, there seems to be two basic types of sales occurring. The first group is priced well and tends to go pending in less than 2 weeks (often these are the same places that have piqued my interest). The second group of homes has been sitting for over 2 months. I imagine the sellers have finally clued into the fact that they need to accept a lower offer.

Again, this is a relatively small sample, for Folsom and El Dorado Hills, but it does seem to be fairly consistent with the rest of the Sacramento area market.