Quote:
Originally Posted by MplsPete
Or they may simply lie:
I went to an open house, and asked the agent, "How long has the home been on the market?" "Only a couple of weeks," was the answer, suggesting it went on sale in early July. As I casually looked at the folder of info on the table, I saw a document related to selling, signed by the owner, dated 3/31.
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Correct. "Days on market" is an official data tracking statistic that the real estate industry regularly uses to evaluate the real estate market. However, selling agents often try to hide this statistic or they just lie about it to potential customers. The only way to really find out the statistic is to find an "honest" real estate agent.