JANUARY 2023
Q. In this month of 2023 the average number of days a home was actively on the market (DOM) spiked to 46. What month was it? And why the spike?
A. Submit your January answer by clicking HERE. March 2023. This was the first month that interest rates climbed to over 7%. The DOM spike did not last long, and by June, and for the rest of 2023, DOM averaged 15 or fewer. These numbers are specific to the area of this magazine's circulation.