Home sellers count 'days on market'

Some locations boast short DOM, beating national trend

By Marcie Geffner, Cyberhomes.com

Homeowners typically have two questions top of mind when they decide to sell their home. The first concerns how much their home is worth. The second involves how long it will take to find a buyer. It’s the answer to that second question that real estate brokers refer to as “days on the market,” or “DOM,” in broker shorthand.

While sellers generally experienced significantly longer DOM in 2008, there were some counties where homes were sold comparatively quite briskly in November.

Chittenden County, pop. 150,000, in northwestern Vermont took tops honors for the shortest DOM among 470 counties across the nation. Homes in Chittenden were snapped up after being on the market for just 36 days, or a little longer than one month, on average, according to Cyberhomes.

Read the rest of this story: http://www.cyberhomes.com/content/news/09-01-07/Home_sellers_attentively_count_days_on_market_