Avg days on the market

Overview

"Avg Days on the Market" is a valuable metric for understanding how long it typically takes for a unit to be leased in a community. This metric provides insight into the efficiency of the leasing process and can help identify potential areas for improvement. By analyzing the average number of days a unit remains available on the market, property managers can make informed decisions to enhance their leasing strategies and reduce vacancy periods. 

How is it Calculated?

This metric is calculated using the following formula:

Where to Find This Metric?

1. Go to the Global-View in Socienta (eg. https://dune.socienta.io/).
2. Click on the Dashboard icon (Socienta).
3. Navigate to the PM Occupancy Dashboard (Socienta). 
4. Renewals/loyalty metrics tab.
5. Filter the data by date to view specific metrics for that date.

How to Use Filters in Our Dashboard?