Although home buyers and home sellers should know days on market in order to make decisions, DOM is not a good way to predict house price appreciation.
House price appreciation in Sunnyvale has differed significantly from that in Daly City.
Days On Market has been low in Sunnyvale since 2012.
Although Days On Market in Daly City has had more volatility during 2023 and 2024 than Sunnyvale, it has also been low since 2012.
Days On Market does not appear to be a good indicator of house price appreciation.