First, let me apologize if you find the title of this short post confusing. Yes, DOM is dropping if you look at it from the high measurements taken in January, but they are rising overall if you looked only at last year's level at this point. What I am trying to do is see where we are trending when we look at Silver Spring MD homes for sale, and whether or not we can expect lower Days On Market measurements, or higher, as we progress through the spring selling season.
The graph above shows a value of about 114 days on average, one year ago, for a home for sale to leave the market. That number rose all the way up above 150 in January before falling to our most current level of 120, which is reduction of one full month, which is somewhat noteworthy, I would think.
If you would like more data on Silver Spring homes, or any other area in and around DC, such as Bethesda, Potomac or Chevy Chase, please visit www.DCRrealEstateMarketplace.com.
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