I guess I just dont see this as a major issue. The actual numbers are pretty meaningless and I dont think people say “Omigosh, the days on market just went down so I better hurry up and buy!” MLS data will always be troublesome because it is self reported and that causes delays, inconsistencies and errors.
The problems today with the numbers existed last month and last year for that matter. The relevant point is that days on market went down and it probably did due to seasonality. here come’s a groundbreaking prediction and you heard it here first. Days on market will increase through the Fall.
