In a sluggish housing market like we have now, days on market -- the amount of time a home is up for sale -- rises. The average DOM is very high in some places -- in April, it topped 175 days, or almost six months, in two Florida counties, according to Cyberhomes data.
But some housing markets are faring surprisingly well, despite the housing slowdown. Cyberhomes found 20 U.S. counties that had an average DOM of 40 days or less in April -- that's up from just 12 counties in March.
Could this mean that the real estate market is finally starting to turn around? There have been some hopeful signs. In March, the National Association of Realtors' Pending Home Sales Index was up 3% from the month before, and 1 percent up from March 2008. Experts believe the positive data points to a possibly recovery in real estate, at least at the low end of the market, says the Los Angeles Times …Full Story