While We’re Frothing, Some Folks are Merely Happy

A recent report on HappyREnews.com (no we’re not making that up), shows that the average number of days on the market has dropped for three or more consecutive months in 73 housing markets across the U.S.

DOM is one of the best indicators of market sentiment, and can be an even more accurate barometer than inventory or pricing levels. It’s a simple measure of sales velocity: the quicker homes sell, the stronger the market is.

Making the list of markets with dropping DOMs, is Las Vegas, with four consecutive drops:

Thanks to the folks at HappyREnews.com for some happy news about the Las Vegas market.

-Frothing Mark

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