The days on market is a key indicator of negotiating power in real estate. By analyzing this data by city, you can gain insights into the current market and make informed decisions.
In 2025, the median days on market for homes in major cities varied significantly. For example, in San Francisco, it took an average of 42 days to sell a property, while in Detroit, it took 145 days.
This data is crucial for making informed decisions when buying or selling a property. By analyzing DOM data by city, you can identify negotiating power in different markets and make strategic decisions accordingly.
For instance, in Los Angeles, a property that was on the market for 30 days or less had a better chance of selling quickly. This is because buyers were more likely to make an offer on such properties.
In contrast, in Chicago, properties that took longer than 60 days to sell may have been overpriced or located in a low-demand area.