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Beverly hills real estate agent | Erik Brown | Realtor Agency

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    • Brentwood
    • Birds Streets
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Beverly hills real estate agent | Erik Brown | Realtor Agency

Beverly Hills luxury real estate | Erik Brown

  • HOME SEARCH
  • NEIGHBORHOODS
        • Bel Air
        • Brentwood
        • Holmby Hills
        • Malibu
        • Trousdale Estate
        • Sunset Strip
        • Beverly Hills
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        • Wilshire Corridor
        • Laurel Canyon
        • Mount Olympus
        • Platinum Triangle
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        • Rolling Hills
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Beverly Hills Flats Real Estate

So That’s How You Determine Days on Market?

By

Erik Brown

Posted in Video Blogs On March 29, 2021

So That’s How You Determine Days on Market?

I wanted to talk to you about what constitutes average days on market and those things can be different depending on a variety of different variables and good or bad depending on if you’re a seller or buyer so depending upon your neighborhood or your city.

The items that go into making up days on market will very first and foremost be the actual marketplace what is happening in the neighborhood think of that supply and demand are there more buyers than sellers? What time of year is it time in the marketplace when there is not enough inventory? If you think of it as supply goes up then demand may go down or as demand goes up supply may go down so it’s basic economics that can affect days on the market.

You’ll also find that there are industry trends based on the things that can be happening in a given city-state, or across the nation even, economically right now we’re seeing a decrease in baby boomers that are purchasing, and in the fact, they are starting the process of downsizing more consistently as we see Millennials at the same time move away from renting and starting to look at purchasing more. So the cycle has a tendency to continue itself that fluctuation in the marketplace will have a ripple effect upwards as Millennials buy starter homes they move up.

The next buyer pushes up to the next until we hit generally boomers who then downsize and as I said the cycle continues these are the biggest things that will make up days on market but as I had mentioned there are also economic factors interest rates can come into play down payment amount what is happening in the political world AKA are we soon having a new president all of these things will come into play if we’re looking nationally.

The average time on the market is hovering around two months but again with an aggressive neighborhood, homes can sell as fast as a day or take as long as years to find out a little bit more on these variables please connect with me and our team anytime we’d love to be a resource for you with any questions that you have and as always if you’re interested in finding out what your home is worth or would like to see all the new homes that are on the market touch base with the links that we have below. Visit us

Realtor/ Broker (BRE: 01958545)

Beverly Hills: 424-239-6519

Minneapolis: 612-294-0447

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1 Comment

  1. gralion torile

    on August 24, 2022 at 5:39 am said  

    I got good info from your blog

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About Erik Brown

Erik Brown realtor

Hilton, Rolls Royce, Versace Chateau Rothschild

These are not products or services; these are lifestyle choices. You and I can stay at any hotel, drive any car, wear any shirt, or drink wine…
But we don’t want to. We want experiential luxury. And you know what? You deserve it.

Luxury living is a state of mind. If you’re like me, you expect the best, especially when you buy or sell a home in Beverly Hills.

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Erik Brown / DRE: 01958545
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ERIK BROWN
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All material presented herein is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes, or withdrawal without notice. All property information, including, but not limited to square footage, room count, the number of bedrooms, and the school district in property listings should be verified by your own attorney, architect, or zoning expert.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to the accuracy of any description. All measurements and square footage are approximate.

Erik Brown, Realtor, Compass, DRE: 01958545. All Right Reserved

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