Through public comments on listings more information can be learned about a property such as what type of neighborhood it is in and the amenities that are available on the property. CoreLogic staffer Bin He reports on a new analysis by the site which shows the effect that certain words in these comments can have on days on the market.
From the analysis, word clouds were created that show which words words had the greatest impact:
In each of the figures, larger font size represents a greater impact on days on market. Figure 1 shows the top word pairs that could reduce the days on market for a listed property. From Figure 1 we see “fenced backyard,” “open concept,” “natural light” and “updated kitchen” were all favored by buyers, and properties with those features tended to sell quickly.