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 likely increase as the SFR market balances.
 

Year	Low	High	Adj Low	Adj high
2005	71	125	31	85
2006	88	135	48	95
2007	116	193	76	153
2016	70	121	30	81
2017	63	132	23	92
2018	64	110	24	70
2019	53	110	13	70
2020	4	115		75
2021	4	12

The link to the most recent report is below.

Link to Beacon Report