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Old 02-28-2007, 03:40 PM
 
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Is there a difference? In other words, do people look at days on market differently for new construction versus a resale?
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Old 02-28-2007, 04:35 PM
 
Location: Cary, NC
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DOM is not a reliable metric for resale or new construction.
DOM is even less reliable for new construction, since homes are listed in various stages of construction.

Consistency in the MLS regarding DOM would make it a more useful metric.
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