In Charlotte, it depends upon the price point.

Under $300K homes are expected to 'fly off of the shelves,' while with $500K+ homes, there is an expectation for longer DOM.

Yes, shows you if you have an overpriced turkey or not.

So many factors to consider. In certain areas of the market it definitely makes a difference.  

Depends on the property. Some people think that 90+ DOM means they can make lowball offers without even going to see the property. Many/most of those " buyers" are just fishing for deals. Even agents automatically think something is wrong with a property if it's been on market over 90 days. i would bet houses would still same for same prices if DOM was eliminated from the MLS.

Yes and no. They are kind of an outlier in a market report around here. The house, condition, price, neighborhood, neighbors, neighbor's dog, availability for showings, and so many other things can keep a house on the market longer than one a few blocks away. 

yes, except with new homes.... in subdivisions, the number of days is skewed because agents submit the entire phase and it takse many months to put under agreement....

To the seller - probably
To the listing agent - most likely

I think they do. We still have a shortage of listings in many areas. So if a property hasn't sold in a hot area, it makes you question "Why?"

Makes me think 

1 it's overpriced

2 the house has major problems

It is a sign to be wary. Maybe price, condition or location 

You bet they do! Is there an area where they don't count?

To some extent of course Mimi Foster . If a property has been on the market for more than 90 days without a price reduction you can bet you will get low-ball offers if any.

Dom is important to check but with investment properties, might be a moot point

Yep, definitely matters in the Boise Metro market Mimi Foster. -Kasey 

To some people they do matter.

In high priced areas days on market are normally longer. Yes it does indicate the property is overpriced but could also be out of the norm, or seller not cooperate, or agent unavailable, or marketing not so jazzy ...

I agree with those saying it depends on the price point.  In our market the average for all price ranges is 3 months supply but in the over 650K range it is 9 months. 

Yes.

Yes. If property isn't selling, it is most likely overpriced or something is seriously wrong.

It entirely depends upon the property type and the property itself.

For a resale home absolutely, other categories like new homes, land ,commercial not as much

One of the most meaningless stats in real estate in my opinion.

Yes, and no. Depends on the price range. 

Yes.  It matters differently based upon the property.  Price point. Location. You get the idea. 

Mimi,

In Santa Barbara, we have listings that have been on the market for years on the very high end.  On the median price homes, it matters.  So, it Depends!

Depends on the property

I agree - a long DOM does stigmatize property.  A buyer’s agent is leery of it and a buyer thinks it’s now open hunting season and will go in for the kill

Mimi Foster it does, sometimes it depends on the property.

In most cases (depending on the average days on market in a particular area) it does matter. Real estate is local..if 30 or 60 days is common in your area to receive an offer..shouldn't be a problem.

After 1 month on the market shoing active. Something is wrong with the home. Next.

Only to test if what is happening is real...

DOM is significant. It can be an indicator that there is a problem with the property as well as indicator of a shifting market. What problem? Price, condition, location, seller motivation, etc.

The buyers love DOM because they think that long DOM is an invitation to a low-ball offer.

I believe Mimi that it does matter to sellers.

The longer on the market there is a problem no matter where you live. One area that I worked just had a ton of listings so many of the houses got caught with their price to high where as the new listings were coming in lower. Many of the sellers didn't adjust their price and were sure they were still in a sellers market. Surprise the market changed again.

I think it's one of the key indicators. It's the "pulse" of the local market. I like to see Day on Market by price point. There are times when days on market in the low end are extremely short and very high on the high end. A generic days on market for the entire market (not price relative) may mislead us.

I'm sure it's a factor everywhere. Something new and shiny always attracts more attention than the ones with dust on them. 

Yes.

I think it is pretty similar for most markets.  Maybe a little different when you get into the luxury markets.

Not really. Depends of the owners - if they willing to sell.

No, not at all.

Yes they do, and we are seeing an uptick in DOM.

Sure, buyer's love to ask "how many days has it been on the market?" And how they will use that information... is not good.  

You bet in both the mind of buyers and sellers expecting their 'castle' to sell in hours