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Days on market and list price vs. sale price
- Kitsap County cumulative days on market vs. original list to sale price
These statistics are collected by the Northwest Multiple Listing Service (NWMLS). And you’ll notice the days on market time and list price vs. sale price percentages for the two charts are different. In our markets over the past several years, some properties were listed multiple times before the sale completed.
The first chart only includes the statistics for the listing when the property actually sold. The second chart includes the cumulative data for each property sold by address and includes data from previous listings in which there was no sale (i.e., listing expired, listing cancelled; or sale fail release).
Knowledge is power. As a buyer you should be comparing this type of information about the neighborhoods you’re searching and before you make an offer to purchase.
I recommend sellers price their property competitively so they don’t end up listing their homes several times, thereby losing leverage when negotiating sales terms with buyers.
