Definition
The number of days a property has been listed from initial listing to pending or delisting. Days on market indicates market demand and whether a property is priced competitively.
Where you’ll meet it
What should I look for, and what's a red flag?
See it in Buying my first home · Step 3About this term
Properties that sell quickly (under 30 days) typically indicate strong buyer demand or favorable pricing, while properties that linger (over 60 days) may be overpriced or have issues deterring buyers. Average days on market varies by location, season, and market conditions. This metric helps buyers understand market conditions and identify properties that may be overpriced.
Pro Tip
If a home has been on market a long time, use this as leverage to negotiate a lower offer.
Example
The property had been on the market for 18 days before receiving an offer, which was below the neighborhood average of 35 days and indicated strong buyer interest.