Buyers, you all want to know how long a property has been on the market. Sellers, you want to know how long it could take to sell your home. How do we know what the REAL average days on market in Roanoke is, particularly when agents sometimes re-list a home after the listing expires? First I'll give you the figure, then read on if your're interested in how it was calculated.
The average days on market right now is 172 days, but the figure can change at any given time.
This is how I got that figure: Find out how many homes sold last year and how many are currently on the market. Divide one into the other, then divide 12 into it (for the number of months in the year). Then take that number and multiply by 30 (for days in the month).
More statistics to come.
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