When buying or selling a property, one common question is: how long should a house stay on the market? The answer varies depending on location, price, market conditions, and the type of property. Understanding this can help buyers spot opportunities and sellers avoid prolonged listing periods that might hurt resale value.
Understanding “Days on Market”
“Days on Market” (DOM) refers to the number of days a property is listed before an accepted offer. It’s an important metric for both buyers and sellers.
- For buyers, a longer DOM can indicate a motivated seller, potential for negotiation, or hidden issues with the property.
- For sellers, a property that sits too long may become “stale,” losing appeal to prospective buyers even if it’s priced well.
Average Time on Market
There isn’t a universal number since market conditions vary. In a competitive market, well-priced homes may sell in a few weeks. In slower markets, it can take several months. Factors that influence DOM include:
- Pricing: Overpriced homes tend to stay longer on the market.
- Condition: Homes needing repairs or upgrades may attract fewer buyers.
- Location: Neighborhood demand plays a big role. Areas with strong infrastructure and services tend to sell faster.
- Marketing: Quality photos, virtual tours, and active promotion shorten market time.
What Buyers Should Know
If a property has been on the market for longer than typical in the area, buyers may have room to negotiate. It doesn’t always mean something is wrong, it could be due to seasonal trends or minor cosmetic issues.
Pay attention to how the property is marketed, the estate’s reputation, and whether comparable properties are moving faster.
Sellers Can Take These Steps to Reduce Market Time
- Price Strategically: Homes listed at realistic market value attract more buyers quickly.
- Highlight Strengths: High-quality photos, clear descriptions, and showcasing unique features help.
- Maintain the Property: Clean, well-kept homes show better during viewings.
Developers and estate planners who prioritize structure, aesthetics, and quality tend to have shorter DOM for their properties because buyers trust the investment.
Why Choosing a Planned Estate Matters
Properties in organized, well-managed estates tend to sell faster. Buyers appreciate clear titles, structured layouts, and visible amenities. Estates that prioritize long-term value and maintenance attract more interest and reduce the average DOM.
For example, Viva-Gold Real Estate focuses on creating a royal garden and resort-style estate with clear plots and well-planned infrastructure. This approach ensures properties remain desirable, helping first-time buyers and investors make confident purchasing decisions without long delays.
Conclusion
The right DOM depends on market trends, property condition, and marketing strategy. Buyers should look at comparable properties and consider how long listings are active to make smart offers. Sellers benefit from realistic pricing and highlighting property strengths.
Choosing properties in reputable estates, like Viva-Gold Real Estate, can reduce uncertainty, as structured, high-quality developments attract buyers faster and hold their value over time.
Click here to explore available plots and learn more about Viva-Gold Real Estate,
