The article explores how time on the market can indicate excess supply or demand in real estate markets. By analyzing the time it takes for properties to sell, researchers can determine if there is more demand than supply, which is important for investors. They used a search model and regression analysis to find equilibrium time on the market, where prices stabilize. This method can help identify market situations and the demand for specific property characteristics. The study shows that time on the market is a valuable indicator for understanding housing market dynamics, especially in regulated markets. It can provide insights into the state of demand for different types of properties, offering more potential for market research than traditional vacancy rates.