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Days On Market Distribution For March | Westwood Single Family Home Sales |

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A quick look at the chart below, you will see that 68% of the sales for the month of March came in the 1st month the home was on the market. Add in the next category of 31-60: 18.75% and that totals 88% of the homes sold within 60 days of market time.

Now ever since the MLS changed the reporting of 'days on market' to count even the days when the home has an accepted offer but still maintains a status of 'looking for backup' offers, the days on market has been slightly skewed.  So one can bet that whatever avg days on market you read or see, the "REAL" performance is actually much better. Additionally, keep in mind many listings will delay looking at or accepting offers for at least a week or more. Further artificially delaying the 'days on market' a home can actually sell in.