Days On Market (DOM) is an important indicator of the state of the real estate market. Generally speaking, a shorter DOM indicates that homes are selling quickly and that there is a high demand from buyers. Conversely, if homes take longer to sell and have an extended DOM, this can be indicative of a slow-moving market or overpricing of properties. For sellers, tracking the DOM for similar properties in their area can help them to set realistic pricing and maximize their returns. For buyers, keeping an eye on DOM can give you an advantage as you may be able to snap up a home before it is widely known that it is available. Ultimately, understanding the significance of Days On Market will help both buyers and sellers make informed decisions about real estate.
In conclusion, Days On the Market of homes for sale is an important indicator that can provide valuable insight into the state of a real estate market and help buyers and sellers alike make informed decisions. By keeping track of DOM in a given market, you can gain an advantage by quickly identifying opportunities and avoiding potential pitfalls. Knowing how to interpret DOM data is key to making smart real estate investments.
You can also refer to DOM data when researching the history of a property in order to determine if it has been on the market for an extended period and may represent a potential bargain. In general, being aware of Days On Market can be a powerful tool to have in your real estate arsenal. It is important to stay informed on the DOM numbers in your local market if you want to maximize returns from real estate investments.
By understanding Days On Market, you can make better decisions when buying and selling real estate properties and make smarter investments with confidence. With the right knowledge, staying up-to-date on DOM data can give you a significant advantage over other buyers and sellers in your area.
Thomaston Connecticut Real Estate
Sales Price New Listings Homes For Sale Pending Sales Closed Sales
Days On Market Months Supply % of List Price Price per Sf
Dollar Volume Shows To Contract Shows Per Listing
When choosing a real estate agent, it’s important to consider factors such as their experience, expertise, and track record in the local market. Here are some reasons why you might consider reaching out to a knowledgeable real estate professional:
- Local Market Knowledge: A reputable real estate agent like Steve Schappert should have in-depth knowledge of the Thomaston, Connecticut real estate market. They can provide insights into local trends, property values, and neighborhood dynamics to help you make informed decisions.
- Experience and Expertise: A seasoned real estate agent brings years of experience and expertise to the table. They understand the complexities of the buying or selling process and can guide you through each step, ensuring a smooth transaction.
- Access to Listings: Real estate agents typically have access to a wide range of property listings through Multiple Listing Services (MLS) or their network of industry contacts. This allows them to help you find properties that meet your specific requirements and preferences.
- Negotiation Skills: A skilled real estate agent can negotiate on your behalf to help you secure the best possible deal. They have experience in handling negotiations and can advocate for your interests, whether you are buying or selling a property.
- Guidance and Support: Buying or selling real estate can be a complex process, involving legal documentation, financing, and other intricacies. A reliable real estate agent can provide guidance and support throughout the transaction, ensuring that you understand your options and helping to alleviate any potential stress.
- Connections to Other Professionals: Real estate agents often have established relationships with other professionals in the industry, such as mortgage brokers, home inspectors, and attorneys. They can recommend trusted professionals to assist you with various aspects of the real estate transaction.
Remember, it’s essential to thoroughly research and vet any real estate agent you consider working with to ensure they align with your needs and preferences. Consider reading reviews, asking for recommendations, and conducting interviews to find the right agent for your Thomaston, Connecticut real estate needs.
Steve Schappert Founded, and is the broker at Connecticut Real Estate, Schappert owns The Connecticut Art Gallery and Home & Art Magazine Steve also designed, built, and shipped a zero-energy double-walled home to Germany. Schappert is an abstract painting artist and has painted, renovated and provided energy audits for over 1300 homes.
When it comes to real estate, construction and energy efficiency, Steve Schappert is one of the most sought-after experts in the field. With more than 40 years of experience in these areas, he has become a trusted source for reporters looking for insights on the industry. From helping develop net-zero homes to advising on sustainable building practices, Schappert’s knowledge and expertise is unrivaled. Whether it’s for a news article or an in-depth magazine story, reporters turn to Steve Schappert as a reliable source of information. With his expertise and guidance, they can ensure that their stories are accurate and up-to-date.
In the last year I have been interviewed by ABC News Manhattan, Connecticut Magazine and featured in 2 articles in The Washington Post.
