- Supply and demand: A low inventory of homes relative to buyer demand can lead to shorter DOM, while an excess of homes for sale can prolong it.
- Seasonality: Average days on market may vary depending on the time of year, with slower activity during the winter months and increased pace during the summer.
- Home prices: Lower-priced homes, particularly entry-level properties, tend to sell more quickly than higher-priced homes due to higher demand.
- Home condition and features: Well-maintained homes with desirable features will generally take less time to sell than those in need of repairs or renovations.
