The average days on Market in Tucson for December 2006 was 64.
If all you do is read this one number you might think you have the answer. But this is only the answer to one question. You cannot base your expectations for the sale of your home in Tucson based on this number of days.
Here is why.
Where ever you home is in Tucson it isn’t in the average place. It might be above average it might be below average. Here is the break down by Area in Tucson for December 2006.
|Santa Cruz County|
|Pima County East|
Here is the link to the Tucson MLS Area Map should you want to see these areas visually.
You can see there are some areas that have much shorter DOM, the Pima County East area is usually homes on Mt. Lemon up in Summerhaven. Those homes don’t come on the market often and when they do they are gone quickly in that area.
The “OTHER” is made up of just 43 homes spread out all over the place and they have an average of 241 DOM. Do you know what happens to the average when you throw in a number like that from just 43 listings. Or the XNE where there is just 1 listing, but the average DOM is 84. These areas alone can change the average DOM dramatically.
Areas are much to large to get a true DOM for a particular property. Sometimes you have to look at the subdivision, sometimes just the block in a subdivision to get a truer DOM. There are some gated communities that are so desireable they hardly have a DOM at all.
Here is another interesting chart.
Notice that only 17.3% of the homes were on the market from 61-90 Days
57.6% of the homes were on the market less than 60 days.
Here is the real kicker as far as I’m concerned
33.5% of the homes sold in less than 31 days.
As I’ve stated before in the post Days on Market not a Good Guage of Anything:
In Tucson it is a common practice to pull a home off the market for a day, then relist it with a new listing number and start the DOM all over again.
There is only one way for a consumer to get a reliable DOM, email or call an agent and have them research the property in the Tucson MLS. We can look at the history and see the ADOM (Actual Days On Market) and provide you the data.
This is the kind of research we do daily. There isn’t an online source that I know of that can provide the Days on Market for a Tucson Listing.
If you are thinking of selling your home, please don’t look at the Average DOM and set up a time table to sell your home, based on DOM.
There are a lot of factors that go into how long a home will be on the market. Price, location, amenaties, are just a few. Personally, I find DOM something fun to know, but certainly not something to make decisions on.
A high DOM can indicate several things:
- Asking Price too high
- Market competion from New Construction (Builder)
- Saturated area or neighborhood (lots of homes for sale)
- Condition of the Home (termites, lots of deferred maintenance, etc.)
In each case you have to do your homework to find out why the DOM is high.
If you want to read some more about DOM here is a great post by Jonathan Dalton titled “BW = Business Week or Bubble Wonk”