Somebody recently asked me what is one of the main things I look - TopicsExpress

Somebody recently asked me what is one of the main things I look at when determining if I should buy a house to renovate and flip. One of the main things I told him about was Days On Market for completely renovated comps. The average Days On Market (DOM) for completely renovated comps for one of the houses we are working on now was an incredible ** 5 DAYS **. The average DOM for the 10 counties in the Baltimore-Washington metropolitan area for the month of June of this year is almost HALF what is was just 2 years ago at 39.7 days vs 75.1 days in June 2011. DOM - June 2011: 75.1 Days (*) DOM - June 2012: 62.9 Days DOM - June 2013: 39.7 Days (*) This article describes this in greater detail: mrisblog/blog/quick-sales-causing-prices-to-rise/?utm_source=WhatCounts+Publicaster+Edition&utm_medium=email&utm_campaign=Weekend+Roundup%3A+Why+Are+Home+Prices+Rising%3F&utm_content=http%3A%2F%2Fmrisblog%2Fblog%2Fquick-sales-causing-prices-to-rise%2F#IDComment698392525

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