“Days On Market” or should it be “Years On Market”
By Schlauch Uhlmann Platinum Properties, Bozeman Luxury Real Estate
(PureWest | Christie's International Real Estate)
Potential buyers increasingly ask me about Days On Market (DOM) of homes and properties in the Gallatin Valley. Many excellent properties have been for sale for years. In fact, in 2012, I sold a property that was my very first listing as a real estate agent. For nearly 7 years, the sellers stayed with me as I moved from Sotheby’s, to ERA, Prudential and now Christie’s (I had excellent reasons for switching firms, beginning with a partner, Stuart Tilt.) Buyers, of course, are hoping the DOM translates to better negotiating position for pricing. Sometimes that is true but other times DOM has little relevancy about the property and much to do with the size of the market. Keep in mind the background information concerning a number of the luxury and high-end properties now on the market: Be...
Comments
1