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How to interpret days on market and price cuts.

I’m in the Bay Area and many homes go pending after a week due to offer deadlines and overbidding.

If they’ve been sitting for 2 weeks or longer and have price cuts, what does that mean? Can I grab I a many DOM at the listing price? If there’s no price cut, can I bid slightly lower than the listing price? If there’s no is a price cut, can I get it at the price cut price or at a price below the old price?

submitted by /u/Rcrez
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source https://www.reddit.com/r/RealEstate/comments/1r4mbsd/how_to_interpret_days_on_market_and_price_cuts/
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