Budd Lake, NJ · Member since 2013 · 56 posts · 4 votes
I do not have a realtor, how do I find out how long a sold property was on market before it was sold. Any other resource to get this information other than a realtor.
Here is what I am trying to achieve,get three SOLD within last 90 days and how long where these properties in market before they were sold.
This is why I disagree with others about the value of Zillow, Trulia, etc. They generally get their data from the public records, which are often not updated in real time. It could take 90 days or more for a deed to get recorded, and if data is coming directly from the recording office, that comp will be out of date by the time you see it.
Secondly, depending on when/how the agent updates the MLS listing will determine what DOM reflects. For example, when selling houses, we like to wait as long as possible before we move the listing to Under Contract, as that was we maximize our time to get a back-up offer. So, the DOM might appears to be several weeks when in reality the property was under contract in the first day or two.
If you want timely and accurate data about your local market, you need access to the MLS (or access to someone who has access to the MLS). Anything else is less than optimal.