What is days on the market?
The Bankrate.com financial term of the day is: "Days on the Market."
"Days on the market" is a measure that, when averaged out, provides a good reading of whether a local housing market is healthy. It refers to the time period between the listing and sale of a home, or between the date that a property is listed for sale and the date that it's taken off the market.
Are homes selling at a healthy clip in your community, or are they languishing? You can get an idea by taking a look at days on the market data.
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