If you’ve been tracking the MLS trends in our local markets, you know that inventory is increasing while sales remain stable (flat). What this means to the average home seller is that it may take more time to sell their house.

Days on Market (DOM) is a term used in the real estate industry to reflect how long it takes to sell a particular property. Average DOM for a particular market is computed by dividing the amount of inventory, units for sale, by the number of sales in a month.

DOM is never really accurate as some real estate agents “churn” their listings – remove a listing from the MLS only to relist it. This resets the DOM to zero for that property and starts the clock ticking again. Agents do this because they feel properties with high DOM’s are less appealing to buyers. The MLS frowns on churning and has implemented stricter guidelines and hefty fines for real estate agents caught churning.

Listing presentations at the Realtors Marketing Association in San Ramon and the Valley Marketing Association in Pleasanton this week included:

• 1092 Vista Pointe Circle, San Ramon, CA
• 755 Watson Canyon Court #132, San Ramon
• 42 Woodland Court, San Ramon
• 610 Joree Lane, San Ramon
• 16 Mountain Valley Place, Danville, CA
• 3722 Stonehenge, San Ramon
• 607 Destiny Lane, San Ramon
• 8118 Briar Oaks Drive, San Ramon
• 5561 Satin Leaf Way, San Ramon
• 1134 Vista Pointe Circle, San Ramon
• 185 Cottonwood Lane, Blackhawk, CA
• 1941 Rancho Verde Circle West, Danville
• 79 La Velle Court, Danville
• 2252 Britannia Drive, San Ramon
• 4148 Veneto Court, Pleasanton
• 3003 Innsbrook Way, Dublin
• 5310 Hazel Tine Lane, Dublin Ranch
• 1839 Begonia Court, Pleasanton
• 2301 East Ruby Hill Drive, Pleasanton
• 8148 Moller Ranch Drive, Pleasanton
• 2534 Skylark Way, Pleasanton, CA
• 5011 Woodthrush Road, Pleasanton
• 3306 Monaghan Street, Dublin
• 7699 Topaz Circle, Dublin, CA
• 7218 Moss Tree Way, Pleasanton
• 5187 Genovesio Drive, Pleasanton

Inventory continues to build, but our local housing markets continue to be healthier than most of the country and region. What this means for buyers is that you have some negotiating leverage, but sitting on the fence may cost you the property or interest rate you desire – interest rates, though still historically good, continue their three-week rise.

The Harper Team can assist you with the purchase of these or any other properties in the East Bay area.