Property Investment Blog

New call-to-action
All Posts

Average Days on Market

One of the areas of research to help property investors determine the demand for an area is the average days on market (DOM).

This statistic will help you determine the level of demand for property in the area as it is a measure on how long it takes property to sell.

Real Estate Investar provides data on this statistic to help property investors understand how quickly a property will sell.

The average days on market is a measure to show the number of days a listing has been on the market until it is sold. If the days on market number is low, it generally indicates there is high demand in the area and properties are selling quickly.

If the days on market number is high, it generally indicates there is low demand and properties are on the market for a long period of time.

For property investors looking to renovate and flip or develop and sell, this data will help you determine whether your target market is going to be risky which will affect your potential profits.

For example, if the area has an average days on market figure of 100+ days and you're trying to flip a renovated property, it may mean higher holding costs (i.e. interest repayments) because it takes a couple of months to sell a property.

Whereas an area with an average days on market figure of 15 days means the property will sell quickly. 

How do I obtain this information?

Through Real Estate Investar's Pro Plus Membership, members have access to CoreLogic RP Data and can run a Market Comparison Report.

This report will provide the following data:

  • Days on Market for each property
  • Average Days on Market for all listings selected within a suburb
  • Average Days on Market by price range for listings selected within a suburb

Members can also customise the search to see if a specific property type or bedroom configuration is in more demand than others (for example, run the report to establish the days on market for a 3 bedroom house vs 4 bedroom house. 

Real Estate Investar Editor
Real Estate Investar Editor
Real Estate Investar provides intelligent software, tools and data to help you save time and make money in the residential property investment market.

Related Posts

The Major Banks Expecting Double-Digit Growth in House Prices

2021 has started in strong fashion as most property markets across the country continue to see rising prices. According to the latest data from CoreLogic, house prices are up once again in February and it appears that the big banks are also predicting significant price gains over the next 12-24 months. Month to date, house prices in our major capital cities are 1.2% higher according to CoreLogic, taking the year to date gains to 1.4%. Out of Australia’s five largest cities, Perth has so far been the strongest this year, with gains of 2.4% followed by Brisbane at 1.5%.

How to Find Development Opportunities

Want to learn how to manufacture capital growth through development? This 60-minute webinar, first presented in 2019, will cover some of the key things to look for to create successful deals, as well as what not to do and which deals to avoid. Learn how our leading property investing platform can help you find, analyse and research investment-grade properties for various investment strategies:

Australia Property Prices Continue To Surge to Start 2021

House prices across the nation have carried on where they left off last year, with values increasing in January.