Recently, I read a pretty interesting article in The Wall Street Journal (WSJ). The article was written by Leigh Kamping-Carder and was on page M1 of the Friday, April 14, 2017, edition. The headline was “For Sale… For Years.” It was an interesting study of luxury homes in the U.S. The key statistic examined was “Days On Market.”
Days On Market (DOM) is a figure that is closely tracked in the real estate industry. It is measured from when a home is first listed by a real estate agent to the time when the sale is closed.
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