Monthly housing demand trends
Sales compared to average days on market
|Total Sales Count
Total Sales Count
|All Listings DOM - Mean
All Listings DOM - Mean
The graph above provides a look at the change in actual number of home sales and average days on market from October 2017 to September 2018. It indicates a strong seller's market nationwide.
The increase in the number of home sales with a decrease in average days on market between March and August follows the seasonal pattern of the national housing market. In a 12-month period, May had the shortest number of average days on the market, with 71. December 2017 and January 2018 had the longest number of average days on the market—both at 92.
With recent reports that the housing market could be less robust this year, there could be a decrease in the number of home sales. There may also be an increase in the number of days a home is on the market.
Month-over-month changes for the average days a home is on the market increased in major metropolitan areas, except Detroit and Las Vegas—which remained flat. The largest increase for average days on the market occurred in Portland, Oregon, which rose 7.55% from 53 days to 57.
Source data: CoreLogic®
Data date: 12/17/2018
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