What Is Median Days On Market Hiding These Days?

At first glance, homes are going under contract just as quickly this year as last year, as shown by looking the first six months of each of those years...

First Half of 2023 Median Days On Market = 6 Days

First Half of 2024 Median Days On Market = 7 Days

But...

First Half of 2023 = 157 of 610 (26%)

First Half of 2024 = 209 of 658 (32%)

First Half of 2023 = 67 of 610 (11%)

First Half of 2024 = 85 of 610 (14%)

So... yes, the median days on market statistic is remaining relatively unchanged, but there are certainly more homes this year than last that are taking a big longer to go under contract than sellers might have otherwise thought or hoped.