Thursday, June 18, 2015

What is "Market time"

Market time is the number of days since a home was initially listed for sale. Market time incorporates price changes.  In some cases, homes can be taken off the market and then relisted as a new listing. In the Chicago area's multiple listing service, if a home is off the market for more than 90 days and then comes back on, it's considered a new listing.

It should be noted that a home can return to the market at the same price for various reasons. Two of the most frequent are because a potential buyer was unable to secure financing or due to issues that were found during a home inspection.

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At bradfordmillerlaw.com you will find information about our firm along with helpful real estate information. Give us a call at 312-238-9298 for a FREE 15-minute consultation to discuss your pending or potential real estate transaction.

Posted by Bradford Miller Law, P.C.
Practicing in Real Estate Law, Landlord Tenant Law, and Estate Planning
134 N. LaSalle, Suite 1040
Chicago, IL 60602

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