The second rule of real estate after Location: Timing. Buyers and Sellers need to understand the time trends in the market.
Sellers need to be aware of how long it might take to sell their home. Many variables affect this time, not the least of which is list price. Milpitas homes are, on average, priced to move, with nearly all price points selling in less than a month, on average.
For the buyers, it is important to understand how fast you have to move – not just in responding to a home you like, but in how frequently you need to check the market and how quickly you need to make arrangements to view the home.
This graph is dominated by the high-end luxury market that suffers from agents not properly employing Target Market, as a result sales average 8 to 15 months above $2,000,000. From $1,000,000 to $2,000,000 average time on market is 15 days or less, with all but the lowest price range selling in under 30 days, on average. This demonstrates strong demand for non-luxury homes in Milpitas.