🏡 What Does Days on Market Really Tell You About a Chicago Home?
You found a Chicago home you love, but then you notice it’s been sitting on the market for 60+ days. 👀
Does that mean something is wrong?
Not necessarily.
“Days on Market” (DOM) tells you how long a property has been actively listed for sale. It can give buyers and sellers useful clues, but the number alone doesn't tell the whole story.
🔎 What Could a High DOM Mean?
A home that has been listed for a while could have:
đź’° A price that's too high
🏠Condition or repair concerns
đź“Ť Location challenges
📸 Poor marketing or presentation
📉 Less buyer demand
🤝 A seller who hasn't found the right offer yet
But there may also be a simple explanation, such as a unique property or a smaller pool of potential buyers.
⚡ What About a Low DOM?
A home that sells quickly may indicate strong demand, competitive pricing, or desirable features.
If you love a property with very few days on market, you may need to be prepared to act quickly.
đź’ˇ Don't Judge a Home by DOM Alone
Think of DOM as a clue, not a verdict.
Compare the home's price, condition, location, recent comparable sales, and current competition before deciding whether it's a good opportunity.
❤️ Buying or Selling in Chicago?
Let Heart of Chicago Homes help you understand what the numbers really mean.
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