🏡Why Homes Are Sitting Longer on the Market — And What It Really Means
If you’ve been browsing listings lately, you may have noticed something different: homes are sitting on the market longer than they have in recent years. In fact, the average Days on Market (DOM) has now climbed past 60 days nationwide. But before jumping to conclusions, let’s break down what this really means—and why it’s not necessarily a red flag.
⏳ Longer DOM Doesn’t Mean Something’s “Wrong”
Buyers often assume that if a home hasn’t sold quickly, there must be something wrong with it. But in today’s market, that’s rarely the case. The truth is, we’re in the middle of a price correction.
Over the past few years, home prices surged due to low inventory and high demand. But now, with interest rates stabilizing and more inventory returning, the market is recalibrating. Homes that were priced based on last year’s highs are simply not aligned with today’s buyer expectations.
💰 Pricing Is Everything
Real estate pricing is based on comparable sales—homes that sold recently in the same area. But if homes aren’t selling, those comps become outdated fast. That’s why adjusting the price is often the key to getting a home sold.
A home that sits on the market without a price change is a strong indicator that the initial price was too high. It’s not about the condition or location—it’s about aligning with current market realities.
🧭 Time Can Be a Clue, But Not the Whole Story
Sometimes, time on the market is influenced by seasonal trends, buyer behavior, or even marketing strategy. But more often than not, price is the biggest factor. If a home has been listed for weeks or months without movement, it’s time to revisit the pricing strategy.
🏷️ Today’s Price ≠ Last Year’s Price
One of the hardest truths for sellers to accept is that a home’s value today isn’t what it was a year ago—especially if no updates have been made. Buyers are more cautious, and they’re comparing every dollar spent to what they can get elsewhere.
🔍 Bottom Line for Buyers and Sellers
- Buyers: Don’t assume a long DOM means a bad home. It might just be overpriced.
- Sellers: Be open to adjusting your price. The longer you wait, the more likely you’ll need to reduce it anyway.
We’re in a shifting market, and understanding these dynamics can help you make smarter, more confident decisions—whether you’re buying, selling, or both.
I’m licensed in Maryland and California. Areas I cover are Los Angeles county and Orange County in
California. In Maryland I cover Prince George, Ann Arundel, Charles, Howard, Montgomery counties.
