Days on market
The average number of days properties in an area take to sell after being listed.
- Falling days on market suggests rising demand
- Rising days on market suggests buyers have more choice
- Best read with stock levels and clearance rates
How it works
Data providers track how long listings stay active before they sell, usually as a median for a suburb or region.
What it tells you
In a fast market, buyers must act quickly and negotiating room shrinks. In a slow market, buyers have more time and leverage.
Days on market helps set negotiation strategy. Combined with listings and vacancy, it shows which way a market is moving.
Common questions
Do off-market sales count?
Usually not, as they are never listed.
Is a low number always good?
It signals demand, but can also mean higher prices and more competition.
Related terms
Sources
General information only. It does not consider your objectives, financial situation or needs, and is not financial, credit, tax or legal advice. Rules change, so check current law and get advice from a licensed professional before acting.