As a seller "Days on Market" are important. Not 
only do you want to sell your house as quick as possible, you also want the best price. Typically, the quicker you get an offer the better price you will receive.
How do you do this? First, you work with a Realtor© that understands how to market your property to the widest possible audience. Placing an ad in the Sunday paper is NOT marketing. Second, you ensure you have a reasonable and justifiable price for the type, location, size, and condition of the property.
Finally, if after 90 days or 10 showings you still haven't gone under contract then you and your Realtor© need to review the sales plan and make some needed adjustments.
Just this morning I showed a house and the first question the potential buyer had was, "How long has this house been on the market?" The number of days a particular home is on the market is an important factor when buyers are considering making an offer.
Buyers figure the longer a home has been on the market, the more eager a seller is to sell. If the seller is eager to sell, the seller might be willing to negotiate a much lower price.
So, you can see how this piece of knowledge is used by buyers.
A few things to consider, the slower a particular market is the higher the average days on market will be. Therefore, talk with your Realtor© to determine what the normal days on market is for your area and price range.
David C Recker, Associate Broker, Realtor ® licensed in North Carolina. Reach David at: 252-442-2687
Copyright © 2008 By David C Recker, NC Real Estate Now Blog, North Carolina Real Estate Now Blog, and Real Estate Now Blog, All Rights Reserved.. *Why Days on Market Matter*
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Hi David, thanks for posting this "Days on Market" piece. As I tell my buyers and seller's, we have usually have just 3 things to consider in a home potential: price, condition, and location. If it's been sitting for awhile on the market, take a close look at one of those values, and plan to make adjustments.