How Days on Market Affect Properties

When a property hits the market it has a moment of “newness”, a moment of excitement for the public because it's something that hasn't been seen before.

However, the longer a property sits on the market it loses the effectiveness of that newness which is what brings buyers to see the property to begin with.

So the longer and longer the home is on the market, the more likely you're going to get offers that are below your listing price.

This causes buyers to start to seeing you as being desperate.

So it's important to make sure that when you're putting your property on the market that you are pricing it properly from the beginning so that it can sell quickly.