According to the St. Louis Fed, the median days on the market for housing in the US was 61 days in December 2023 (MEDDAYONMARUS), which is an increase from 52 days in November 2023 and 50 days in October 2023.
Compared to December last year, it’s down by 4 from 65 days on the market.
Last year’s torugh was in May, with 43 days on the market.
Simple Prediction of DOM for January 2024: 67 Days On Market
Accurate Prediction of DOM for January 2024: Impossible (too many variables and emotions, and the election year kicks off)
These numbers suggest that the US housing market is still experiencing high demand and low supply for homes, but the pace of home sales may be slow as both mortgage rates and inflation remain elevated, and housing affordability stays at record lows.
Skip to content
One thought on “Median Days On The Market in the US Housing Market + Prediction”