Number of days on a listing

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Should the number of days that a property has been listed determine if I should consider purchasing a property? How should that factor in on my decision?

It gives you a bit of a clue on what the rest of the market thinks about the current asking price.  It can either give you a clue that they will be willing to accept a reasonable offer, or that they are being  unreasonable and rejecting every single offer that comes in below asking price.