The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: paul ross who wrote (6574)	11/5/2002 8:40:15 AM
From: Elroy Jetson	Read Replies (2) of 306849

Unless DOM (days on market) has climbed above 90 days for the overall market, you may only be experiencing a temporary (seasonal) increase. That is definitely not a true statement in Los Angeles. Real estate agents here are most attentive to removing a home from sale after 90 days, only to bring the home back to market after a few days at the same terms. If you look at the listing histories of properties during our post 1990 market decline, homes for sale during this period show Active and Withdrawn repeatedly, often ten or seventeen times in a row. Although homes on average required several years to sell, the DOM (days on market) never rose above 90.

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