Days on Market – Some Thoughts on Some Neighborhoods

In a tighter market one of the indicators that real estate agents look at is days on market (DOM). The number of days it takes a home to sell once it is put on the market. We pulled 40 zip codes and looked over the average days on market and saw some interesting trends. Not to surprising was that the Oakely / Hyde Park area (45209) led the list with just 92 DOM. The area surrounding Sharonville (45241) had a 101 DOM, and Norwood, 45212 saw an impressively low 104 DOM. Indian Hill had one of the longest aver DOM with 137, tied with Franklin 45005.

Knowing the average DOM for your market is crtical if you are looking to sell your home. You must be patient but more important you need to use this information to properly price you home if you want it to sell faster than average. A good Cincinnati Real Estate agent will be able to give you the details of your area. If you re looking to sell your home, or buy one e-mail me or call 513-518-1140.