Market Trend – August 2022
Beacon Report – Marketing Time Comments Correction In relation to the marketing time figures provided in the earlier email, I failed to state that marketing times were calculated differently beginning in April of 2020. In preceding years, the marketing time was calculated from the list date to the sale date. As of April 2020, that changed to calculating from list date to contract date. Below is a table that adjusts the DOM prior to April 2020 in order to account for a 40 day escrow period between pending date to close date. The high noted in 2020 was prior to the change in DOM calculation and is, therefore, adjusted in the table. 4 to 15 days marketing time remains lower than what is seen in past years (adjusted) and will [... read more]
