What Is Dom In Real Estate? (Best solution)

What is Dom in real estate and what does it mean?

  • Sooner or later prospective buyers and sellers will come across the abbreviation DOM and ask what is hiding behind this piece of real estate jargon. The short answer is: DOM stands for Days on Market and indicates the number of days a property has been on the market for sale.


What does DOM mean in real estate?

The abbreviation DOM is often used to represent the “ Days on Market ”, “Time on Market” or simply “how long a property was for sale”. This is a vital statistic used to measure the health of any real estate market, area or region.

What is Dom on CMA?

DOM stands for Days on Market. It is a measurement of the age of a listing. It is the total number of days the listing is on the active market before an accepted offer.

How do I reset my MLS Dom?

To Reset Days on Market (DOM) A listing must be either Withdrawn or Expired from the MLS for a full 10 days for the Days on Market to reset. On the 11th day, with a new listing agreement, you will be able to enter a new listing with zero Days on Market.

How are days on market calculated?

Days on Market is a measure of how long it takes for a home to sell after it has been put on the market. It is typically calculated as the number of days between the listing date (the date it was available for sale) and the contract date (the date of the agreement to purchase the house).

What does DOM mean in shipping?

Distributed Order Management (DOM) is a method used to optimize fulfillment so orders arrive to customers on time while incurring the lowest possible cost.

What is rental Dom?

DOM stands for Days on Market, which is the number of days a property has been on the market.

What is a DOM report?

DOM is “Days On Market ”. This number is important because the longer the home has been on the market, the more likely the seller is to accept a lower offer. Reports printed by your broker from the Triangle Multiple Listing Service (MLS) have two kinds of DOM. The first, LADOM, means “Listing Agreement Days On Market”.

What is Dom and Cdom?

The number of Days on Market (DOM) in Matrix begins to accumulate once the listing is in the Active Status. The system looks at the List Date and will continue to add days to the total DOM until the property is changed to an Off Market Status.

What does SF stand for in real estate?

APX SF – Square footage within the property.

Can I take my house off the market at any time?

Yes, as the owner of the home, you can take your house off the market at any time. If you’re selling for sale by owner (FSBO), you can simply remove your listing from everywhere you’re advertising, but you won’t recoup any costs related to marketing.

Can I relist my house at a higher price?

If you have signed a contract to sell your home, you are legally obligated to sell the home at the price you agreed to in the contract. In this instance you can not raise the price. However, if you are accepting backup offers, those offers can be at the new higher price.

What does it mean when the house is temporarily off the market?

The Temporarily Off-Market status doesn’t mean your clients don’t want to sell. It simply means they have requested a pause of showings. There is no time limit. You can leave your listing in this status as long as you or your clients need. Please note, the listing will expire on the Expiration date.

What does Armls mean in real estate?

The following are the Rules and Regulations of Arizona Regional Multiple Listing Service, Inc. These Rules and Regulations apply. Page 1. ARMLS Rules & Regulations. Published: March 24, 2021.

What is a good absorption rate?

The absorption rate is commonly used in the real estate market to determine how many homes are sold in a market at a particular time. An absorption rate above 20% has signaled a seller’s market and an absorption rate below 15% is an indicator of a buyer’s market.

What is the absorption rate in real estate?

Absorption rate is a term used in real estate to describe the speed homes are sold in a specific market in a specific time frame. A market with an absorption rate at or above 20% is typically called a seller’s market, whereas an absorption rate below 15% signals a buyer’s market.

What is DOM in Real Estate and Do They Matter? Wellington Home Team

The acronym DOM may be encountered while purchasing or selling a house, and you may be unsure of what it implies at first glance. Days on Market (DOM) is an abbreviation that refers to the number of days a property has been on the market. The number of days on market (DOM) begins to accumulate as soon as the property is listed on the MLS (Multiple Listing Service) and will continue to accumulate until the property is sold. However, even after a seller accepts an offer and the status of the property is changed, the number of days on the market might continue to accrue.

When a property is under contract, there are several different statuses to choose from in the Multiple Listing Service (MLS).

In the vast majority of circumstances, the only status that will really halt the DOM clock is “pending.”

Are Days on Market Useful?

Absolutely! Days on the market may be a valuable tool for house buyers when determining the value of a home. It is possible for them to construct a picture of what is going on in the real estate market, in addition to specific properties. Having a low number of days on market (DOM) might inform a buyer a variety of things about the property. For starters, it’s a brand-new listing. Two, there may be other purchasers who are really interested in the home. Three, because the seller is new to the market, he or she may be unwilling to negotiate.

The properties with a high DOM, on the other hand, may be priced appropriately since they have had a recent price decrease.

Can Days On Market Be Adjusted?

It is not possible to change the number of days on the market. Once a property is listed in the Multiple Listing Service (MLS), the days begin to accumulate and there is no turning back. DOM will now reset to zero if a listing has been canceled, expired, and then re-entered into the Multiple Listing Service. In contrast, if a property is re-entered into the Multiple Listing Service within a certain amount of time, the DOM will be reset, but the CDOM will not be.

What are CDOM in Real Estate?

This abbreviation stands for Cumulative Days on Market, which is the entire amount of time a property has been available for purchase. The CDOM will display regardless of whether a property was relisted with the same real estate agent or with a different one. The only method to entirely reset a property’s DOM and CDOM is for the home to be removed off the market for a certain period of time, which is typically one year in most MLSs. DOM and CDOM are calculated as follows:

How can Sellers Reduce their Days on Market?

This abbreviation stands for Cumulative Days on Market, and it indicates how long a property has been on the market in total. CDOM will display regardless of whether the property was relisted with the same real estate agent or with a different one.

One of the only ways to totally reset a property’s days on market and days on contract is for the home to be pulled off the market for a specified period of time, often one year in most MLS systems.

List Price

Overpricing a house is the most common error that sellers make when selling their home. There is no advantage to overpricing a property other than not having to deal with showings, not having to keep a clean house, and not having to deal with the difficulty of packing. Overpricing a home is a guaranteed technique to increase the amount of days a property spends on the market.


If a buyer is unable to inspect a property, he or she will not purchase it. Sellers must be accommodating when it comes to showings and refrain from imposing unreasonable limitations. Yes, selling a home with dogs and children can be challenging, but the more difficult it is to see a property, the faster the number of days on the market will accumulate. Not only do sellers need to make arrangements for showings, but they also need to make it simple for agents to acquire showing instructions. What is the definition of DOM in real estate, and do they have any significance?


Home staging, such as staging a model home, is essential to selling…………………………………… Painting and cleaning your property thoroughly may make a significant difference when it comes to selling your home. In addition to ensuring that a property is in its finest possible condition, repairs must be completed before to listing. It is quite easy for DOM to accumulate on an unmaintained property that does not display correctly.


It may be quite tough for sellers to put their emotions to the side and negotiate. While every offer won’t be what a seller is seeking for it’s a start. The prospective buyer filed an offer, indicating they are certainly interested in the property and took the first step to start talks. Regardless if the seller feels the offer is “good” or “bad” they should always have an open mind and open to negotiations.


Professional images are required regardless of whether a home is marketed for $100,000 or $10,000,000. They are often the initial impression that most purchasers get of a property and will influence whether they want to see the property or not. The next section contains the description. Because not everyone is familiar with the region, neighborhood, builder, or house itself, a thorough description of the property is also required. Are there open houses? Do you have a for sale sign in your yard?

In most cases, these aren’t deal breakers, but the listing agent will be able to advise the seller on the most effective marketing strategies to use.

Hire a Top Realtor

Almost everyone knows someone who works in the real estate industry, but do they know whether or not that individual is a top Realtor? A common error sellers make is selecting a friend or family member who happens to be a real estate agent, rather than the agent who will get their house sold for the highest possible price in the shortest period of time.

This is why it is critical for all sellers to interview a number of agents before selecting the most qualified candidate for the position. When selling your home, you should avoid accumulating days on the market.

Final Thoughts

The number of days a property has been on the market may be a useful tool for buyers, but it can also be deceiving at times. As a result, when a buyer decides to look at a property for sale, they should never be the main center of their attention. If a property is listed as “contingent” on day 7, but the sale falls through 30 days later, the real number of days on the market is 7, but most MLS’s will show a number of days on the market of 37. Once again, looking at a property’s whole history is just as crucial as looking at the number of days it has been on the market.

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About the Author

Michelle Gibson, a top Wellington Realtor, wrote: “What is DOM in real estate, and do they matter?” she asked. Licensed in Florida since 2001, Michelle has devoted her career to residential real estate in Wellington and the neighboring areas. Her expertise will help you through the full real estate process, whether you are wanting to purchase, sell, or rent. You may reach Michelle by phone or email if you’re ready to put her knowledge and experience to work for you now. Wellington, Lake Worth, Royal Palm Beach, Boynton Beach, West Palm Beach, Loxahatchee, Greenacres, and other nearby communities are served by this company.

What does DOM mean and why is it important to know?

Written by Mark Hite The Greater Chattanooga Association of REALTORS® is led by its president. According to what appears to be the case, each industry has its own set of abbreviations and acronyms that become part of the jargon among members while remaining a foreign language to nonmembers. The real estate industry is no exception, which is why I wanted to take a time today to explain the term “Days on Market.” In real estate, the term DOM is frequently used to denote “Days on Market,” “Time on Market,” or simply “how long a property has been on the market.” This is an important statistic that may be used to assess the health of any real estate market, neighborhood, or region.

  • It is also used to indicate how long a property was on the market before its listing agreement with a broker ended and the property was withdrawn from the market.
  • Simply said, the fewer the number of days on the market and their upward or downward trend are a reflection of the supply vs.
  • It’s natural for a member of the buying public to be skeptical when they see a home with a significantly high DOM compared to the neighborhood average.
  • If they believe the property is overvalued, they are more inclined to merely give a lowered price or to completely exclude the property from consideration.
  • This combined total is referred to as the Cumulative Days on Market, and it has an impact on the public’s view of the worth of a property once again.

It follows that you should get advice from an experienced real estate professional about pricing your home effectively, taking into consideration the average days on market in your neighborhood, and selling it at the listed price in a shorter period of time.


A property’s time on the market in the Multiple Listing Service is indicated by the abbreviations DOM and CDOM (MLS). DOM:

  • Days on Market refers to the number of days that a specific listing has been active in the MLS
  • It does not include the number of days that the listing has been Pending or Withdrawn
  • It is applicable to a specific listing number
  • It is a public field that is included on Public Reports
  • It means “Days on Market.”
  • When a property has been listed Active in the MLS for more than 30 days, it is referred to as the Cumulative Days on Market. This field is only available on Private Reports, and it refers to the total number of days that a certain property has been listed Active in the MLS for more than 30 days.

A listing that has been active in the MLS for 30 days will display as having 30 days of DOM on the MLS database. Suppose the same property has 70 DOM from a prior listing; then the current listing will display 100 CDOM: a total of the 70 DOM from the previous listing combined with the 30 DOM from the current listing equals 100 CDOM. The number of days a property has been on the market can have a significant impact on the amount of money a buyer is willing to pay for it. A huge number of bids can frequently lead to buyers making lowball offers, and purchasers may even believe there is something wrong with the property when they see a large number.

  1. To do so, first you would cancel the previous listing and then input or copy the new listing into your local multiple listing service (MLS).
  2. For example, if you are the “new” listing broker for a property, the listing will start with a DOM of zero.
  3. The 31st day after a listing is placed in Cancelled or Expired status, you can generate a new listing number for the same property; the new listing number will begin with 0 CDOM, while the old listing number will begin with 1.
  4. In order to “trick” the system into resetting the CDOM, SWMLS does not recommend the purposeful practice of changing the listing address or UPC code in order to do this.

What is DOM in Real Estate? Why Days on Market Matter

Days on Market, also known as DOM in residential real estate, is a crucial statistic that shows us how long a property has been on the market for sale. The length of time a listing has been on the market is tracked by MLS systems. As a result, when real estate brokers place a new listing on the market, the DOM clock begins to run from the date of the listing. In most multiple listing services, the number of days continues to accumulate until the status is changed to “pending.”

When does the DOM clock stop ticking?

It takes two steps to go from “for sale” to “sold,” and each step is separate from the other.

All of these stages are represented in the multiple listing service under various market situations. As soon as the seller accepts an offer, the MLS status will most likely change to one of the options listed below.

  • Under Contract- The practice of accepting back-up offers continues to be visible. An offer has been accepted by the seller. The buyer is attempting to eliminate the finance and inspection conditions from their purchase agreement. If the first offer fails to materialize, the seller is still open to considering alternative proposals. Even in this situation, the DOM clock continues to run. Contingent- The seller has accepted an offer, but it is contingent on the occurrence of another event. This typically indicates that the buyer has an existing house that they must sell in order to purchase your home. Depending on the situation, their property may already be under contract and awaiting closing, or it may not even be on the market yet. In this situation, the majority of property owners will continue to promote their house in the hopes of receiving a higher offer. If the sellers get a second offer, the original bidder normally has the option to remove their contingency from the transaction. Buyer’s inability to remove their contingency may lead to the seller accepting another offer from a different buyer. It is also true that the DOM clock continues to run in this situation
  • Pending- The status of a transaction indicates that it has completed all of the required due diligence. As a result, the transaction is ready to be completed. This is the status that causes the DOM clock to be stopped. The following is a fairly thorough analysis of the Pending Status:

If the contract fails to close due to problems with finance or an inspection, the house is placed back on the market and sold again. In this situation, the total number of trading days on the market clock continues to run. Alternatively, if the status was pending, the clock begins to run from the point where it had previously stopped.

Resetting the Days on Market Clock

The majority of multiple listing services (MLS) systems will include a policy about how to reset the DOM clock. It is likely that the property will need to be taken off the market for a particular period of days (30 to 60) in order for the DOM clock to be reset. Because of this, neither house sellers nor real estate agents will advertise the property again in order to restart past listings.

Why Days On Market Matters

The days on market (DOM) measure is used by real estate agents to gauge the health of the real estate market. The number of days a house has been on the market is also a solid measure of how effectively it is priced. A prolonged DOM serves as a warning sign and can have an impact on the final selling price. The relationship between the number of days on the market and the sales price is often inverse. The longer a house is on the market, the lesser the likelihood that it will sell for when it finally does.

  1. It is common for the price difference between a home’s list price and its sales price to be small when it has only been on the market for a short length of time.
  2. Here’s the worrisome part for house sellers: home buyers also utilize the number of days a home has been on the market to determine their offer.
  3. If the home has been on the market for a lengthy period of time, the buyer may be considering making a low-ball offer on the property.
  4. Homes that have been on the market for longer than the normal number of days prompt inquiries such as, “Why hasn’t it sold?” There must be some sort of problem with the house.

Chasing The Market

The number of days a house has been on the market is an excellent measure of how well it is priced. Generally speaking, properties that are competitively priced sell more quickly than their pricey counterparts. Homesellers frequently attempt to select a price that is higher than the price at which the house should truly be marketed. They claim that if we don’t receive any bids, we can always lower the price. One drawback to this strategy is that your greatest showings occur within the first couple of days your home is on the market.

  1. They may have even missed out on a few of properties.
  2. If they believe the home is overvalued, they will almost certainly pass on it.
  3. Customers begin to question what is causing the delay as the DOM clock continues to tick away.
  4. This increases the level of mistrust surrounding the residence.

In most cases, chasing the market results in lesser bids and sellers selling for less than they anticipate. As a result, pricing the house correctly from the start results in a better net profit and prevents a significant price decrease.


Home sellers often realize the most net profit within the first 30 days of their home’s existence on the market. However, this is just another reason why realistic and smart pricing are so vital. The most effective strategy to create buyers and offers is to price the property correctly from the outset of the listing. Essentially, you want to price it right so that you may receive numerous bids on it. Multiple offers are the most effective approach for a seller to obtain a higher price than the asking price.

The more the number of offers you receive, the higher the sales price will be.

Is CDOM Different from DOM?

Cumulative Days On Market (also known as CDOM) is an abbreviation for Cumulative Days On Market. This frequently occurs when a seller switches the business that is handling the listing. If they do not wait the appropriate number of days before resetting the DOM clock, the clock continues to tick. As a result, two distinct sorts of statistics are produced. The number of days a new listing has been active is represented by the DOM. The cumulative number of days the home has been on the market is represented by the CDOM.

  • Re-listing properties is something that real estate professionals do in order to reset the DOM counter.
  • It is possible to make a costly error by failing to comprehend the principles governing how long it takes to reset the clock.
  • This increases the number of CDOMs from the preceding listing by one.
  • The most effective method to use the DOM figure is to compare it to the amount of time it should take for a reasonably priced house to sell.

What Does DOM in Real Estate Mean? CDOM, Average Time on Market

Days on the market (DOM) in real estate refers to the number of days a property has been on the market. In order to understand the worth of a house, individuals employ this vital analytical tool. There are two significant differences between this data and the rest: When a listing is active, it indicates that the seller has signed a contract with the realtor. Cumulative can be difficult to come by. While certain multiple listing service (MLS) systems may display the entire number of days, it is more likely that you will need to search for old listings in order to obtain the overall number of days.

How Long a House Has Been on the Market

Discover how long a home has been on the market by checking the MLS. This information is included in the listing on both Realtor.com and MLS.com.

Sites like as Zillow and Trulia also gather information from multiple listing services and include it in their listings. These websites all provide you with valuable information about how long the house has been on the market, such as the following:

  • When the item was first listed
  • When the price was changed
  • The most recent sale and its price
  • Price at which goods and services are sold on the open market.

Each of these websites offers excellent search features, allowing you to look for homes in the neighborhood that interests you. Also, if you are interested in learning more about a specific home, simply enter the MLS number or the location. 1

Difference Between Dom in Real Estate and CDOM

CDOM (Continuous Days on Market) is a metric that measures the number of days a security has been on the market. Because listings come to an end, it is vital to distinguish between continuous and discontinuous. They are legally binding contracts with certain marketing durations. If the residence does not sell within that time frame, which is typically 30–90 days, the listing will expire. There are a variety of different reasons why a listing expires and a home is relisted:

  • There is a performance provision in the contract that is not being followed
  • The seller and the realtor are unable to work together and decide to separate ways. The realtor and the seller may decide to relist the property in order to make it appear more appealing.

The idea is that sellers may choose to relist their homes for a number of different reasons. If you only look at the date of the listing, you may not be getting the full picture. If you are looking at a property on the internet, make sure to read the entire listing since it may provide you with hints as to how long the home has been on the market. The easiest approach to find out is to consult with a real estate agent, who will be able to verify the house’s whole history for you. They will be able to see how many times a house has been listed as well as the dates on which the houses were listed.

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How is CDOM Measured?

CDOM is measured by the multiple listing service (MLS) and is calculated by measuring the number of days a property has been on the market while counting various listings for the same property. The age of the current listing does not reveal the entire story, and this is especially true for older listings. You should spend the time necessary to determine whether the residence has already been advertised. The rationale for this is that it provides a decent idea of the property’s worth in relation to the rest of the market.

  • If residences in an area continuously remain on the market for an extended period of time, this may indicate a seller’s market. The owner of a given house may not be eager to sell and may just be interested in seeing whether they can receive a high price for their property. Several tenants may be residing in the home, making it difficult to prove
  • It is possible that there is a problem with the construction of the building. It’s possible that the property is in lawsuit or in probate.

If the house you are interested in has been on the market for a lengthy period of time, it might indicate that there is something wrong with the property or that there is something wrong with the market as a whole. It’s extremely normal for a homeowner to have unreasonable expectations regarding the worth of their property when it comes to selling. However, many realtors fail to assist them in understanding the market and instead choose to walk away from the listing. On the other hand, if multiple properties in your neighborhood remain on the market for a lengthy period of time, it may indicate that the market is slow and that buyers in the region are willing to bargain more aggressively on house prices.

It can also assist you in determining whether or not the vendor is reasonable in their expectations.


Average Time on Market

The term “average time on the market” refers to exactly what it sounds like: it is an aggregate measure of how long sellers display their property before selling them.

To gain a notion of market trends, realtors compute this for whole neighborhoods, as well as for individual cities, states, and even for the entire country. What is the significance of this?

  • Buyers and sellers are equally interested in trends because they want to know how much leverage they have when negotiating a price. It provides a deeper idea of what an individual property should sell for when combined with data on previous sales prices.

You’ll have a clearer image of things the more knowledge you have. Data about markets is provided by the government and industry groups in great detail, and the government and industry groups are constantly adding to their data sets. If you want to purchase or sell something, you should look at the data to get a sense of the market. A competent realtor understands how to evaluate figures and may assist you in obtaining a decent bargain. 3

Finding DOM in Real Estate

Finding out how many days are currently on the market is simple. The internet opens up a whole new world of possibilities for finding information and homes. Here are some suggestions about how to search:

  • Input the address into the Multiple Listing Service, and both current and historical listings should appear
  • Some MLS systems even mention the number of days the listing has been live in the current listing
  • If you type the address into Google, it should yield previous entries for the property
  • If, try another search engine. Your realtor has access to previous listings and will make them available to you upon request.

Add up all of the days under contract from the previous listings and multiply that total by the number of days under contract from the new contract to get the total number of days. 4

Final Thoughts on DOM in Real Estate

The days on market (DOM) in real estate is an important instrument for understanding the market. To gain an impartial estimate of a property’s value, however, you should combine the results of this tool with additional data. New data sets and analytic tools are being developed all the time by the government and industry specialists to assist in improved pricing of properties. By using these, you will have a better understanding of the genuine worth of a property. Good realtors keep up with the latest developments in the industry’s technology.

In the event that you engage a realtor, be certain that they are a competent expert who is familiar with the usage of statistics to appraise real estate.

Although objective data is useful, it is not a substitute for physically seeing the property.

This subjective information is equally as significant as the numerical information.


“Days on Market” (DOM) is an abbreviation. This is essential because the longer a house has been on the market, the more probable it is that the seller will accept a lesser offer from a prospective buyer. There are two types of DOM in the reports generated by your broker from the Triangle Multiple Listing Service (MLS). The abbreviation LADOM stands for “Listing Agreement Days On Market.” It is possible to have listing agreements canceled and new agreements formed, as well as to fire and recruit agents, and this number will reset to zero each time, making it completely worthless.

  1. Even this figure, however, will be reset to zero if the property is removed from the market for a period of 30 days.
  2. So how can you tell whether a house you like is priced right when you locate one you like?
  3. Check out each of these items’ $/SF, or “Sales Price per Square Foot,” to see how much they cost.
  4. Inquire with your broker about printing and assisting you in analyzing a “Quick CMA” report for the homes in which you have an interest.
  5. On this report, you should pay little heed to the SP/LP percent (the percentage of the list price that a property sold for).

This computation is not useful since the list price is determined by random seller choice and is based on the most recent list price, rather than the initial list price of each property, which makes it unreliable.

What is DOM in Real Estate and What Does it Mean?

What is the definition of DOM in real estate and what does it indicate?

Prospective buyers and sellers will come across the abbreviationDOM at some point in their search for a home and will wonder what is hidden beneath this piece of real estate terminology. The quick answer is as follows: Days on Market (DOM) is an abbreviation for Days on Market and denotes the number of days a property has been listed for sale. Having said that, simply looking at the number of days a house has been on the market may not necessarily convey the complete picture about a home for sale.

  • Some characteristics appear to acquire a significant amount of DOM, whilst others appear to gather DOM for only a few days.
  • Then there are certain homes that receive showings and offers as soon as they are posted on the market.
  • Days on the Market: How beneficial are they?
  • One can discover a lot about a property just by glancing at its previous listing history.
  • Could it have sold sooner if the pricing had been more reasonable?
  • If the initial list price had been in accordance with the market right from the start, would it have been possible to sell it for a greater price as well?
  • Why?

Sellers will occasionally relist a house after it has expired in order to start again and begin the “days on market” count for that particular property.

The Multiple Listing Service, for example, will provide the fresh count as well as an accumulation or total of days on market from past listings in our region.

There is always a valid reason why a home does not sell quickly.

It’s possible that the marketing is to blame.

Sell-side agents would be well advised to meet with their clients on a regular basis to discuss why their home is not drawing any showings or bids, and to go through some of the most typical selling blunders in order to determine why their property has not sold yet.

Despite being overjoyed, my seller was taken a little by surprise, especially considering that another house in the area had been on the market for quite some time and had even had a deal rescinded on it.

All of the variables, including the price, the condition of the property, the timing of the market, and the marketing itself, were ideal.

She expressed newfound confidence as she looked forward to her “fast” closing.

Contact me at 352-584-7441 or send me an email if you would like more information on houses for sale in Spring Hill, Florida, or if you would like to discuss developing a successful marketing strategy for your Spring Hill property.

Hermann London Realtors

(1) (This question is answered at the 1:11 minute mark.) (2) In the Multiple Listing Service, the abbreviations DOM and CDOM are used to denote the number of days a property has been on the market (MLS). DOM is an abbreviation for Days on Market. CDOM is an abbreviation for Cumulative Days on Market. This will inform you of the number of days a property has been on the market for purchase. It is necessary for the property to be removed from the Multiple Listing Service (MLS) for at least 60 days before the DOM may be reset, even if it is listed by a different REALTOR®.

On some reports, you may also start to see “CDL”which stands for Current Days Listed.

Specifically, we’ve discovered that the number of days spent on the market will significantly influence the amount of money a buyer will be willing to pay for the property. A significant number of days on the MLS will lead buyers to believe the seller is desperate and make a lowball offer to get the property. Rather than assuming there is anything wrong with the house, purchasers are more likely to assume there is something wrong with the house and will frequently refuse to even visit the property because they do not want to acquire a house that has difficulties.

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LET’S HAVE A CONVERSATION Back to: Real Estate Questions from the Q A section

Why your clients should understand Days on Market (DoM)

Canadian real estate is usually the talk of the town: daily media coverage closely analyzes every variation in the hopes that the statistics will reveal an impending boom or crash in the market. However, this is not always the case. While the quantity of sales and average price are important indicators of market health, they are also incomplete. In addition to knowing how many properties are changing hands and at what prices, there is another measure that may provide useful insight into the urgency – or lack thereof – in any specific region: the number of days a property has been on the market (DoM).

The rest of the story is below.

An added layer of insight:

Exploring the DoM may provide significant knowledge to savvy buyers and sellers, allowing them to better timing the market or fine-tune their offer strategy. Because the entire market is softening, it can offer insight on why some neighborhoods are seeing bidding wars, or why one home stays unsold while its neighbors are selling like hotcakes, for example. A measure of market balance, the aggregate days on market (derived by adding up all of the active days for properties for sale and dividing by the total number of listings) may be used to determine if a market is in the buyers’ or sellers’ area.

Look to DoM for hot or not neighbourhoods:

This is especially useful in local marketplaces, where selling circumstances might differ significantly from one neighborhood to the next.

Take, for example, how DoM differs across the City of Toronto’s residential real estate market:

Lingering listings create stigma:

Prospective purchasers looking for a competitive advantage may consider evaluating DoM as well. As well as providing insight into the degree of competition within certain neighborhoods (the shorter the DoM indicates more demand in that neighborhood), it may also serve as a possible red signal for specific properties. Properties that have been on the market for a lengthy period of time, particularly in hot markets, can develop a negative reputation; this may indicate that the property has an underlying problem that has been disregarded for an extended period of time.

The seller may be more receptive to price discussions and accepting of financing or inspection requirements if the seller is in a better financial position.

When it comes to buyer customers, it is especially crucial for brokers to explain this issue, because houses that have been on the market numerous times may potentially represent an excellent investment opportunity.

What Does DOM Mean in Real Estate?

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  • Day(s) on Market (DOM) is a statistic that indicates how long a property has been on the market before it is either sold or taken off the market. With the DOM statistic, you can compare different neighborhoods and different properties. With the help of regional DOM trends, you can forecast real estate prices. Regions with a low DOM are more favorable to sellers. Regions with a high DOM are more favorable to buyers.

Days on Market, often known as “DOM,” is a critical metric for determining the level of real estate activity in a certain location. The number of days from the time a property is first listed and the time it sells or is removed off the market is measured by the days on market (DOM). A declining DOM indicates that a market is becoming more competitive, whereas an increasing DOM indicates that a market is becoming less competitive. It is used to compare different regions as well as to anticipate future trends.

What Does DOM Mean?

The days on market (DOM) is a statistic that is used to determine how long it takes a property to sell or be removed off the market. In any case, it may be applied to a single property or averaged across an entire region. When comparing two neighbourhoods, a greater DOM indicates that properties in one area sell on average more slowly than in the other. Because of unwanted characteristics such as excessive pricing, being too far away from amenities, being in an unfavorable school district, or being in a cold market, the residences may take longer to sell.

  1. While Toronto real estate often sells in 16 days, Edmonton real estate typically sells in 42 days, on average.
  2. A lower DOM in a neighborhood indicates that properties are selling rapidly and that the market is competitive in that area.
  3. The DOM may also be used for comparisons between a property and its surrounding area.
  4. Comparative market study can help determine the appropriate pricing.

After a property has been on the market for a lengthy period of time, real estate brokers may decide to relist it. This is due to the fact that a high DOM may dissuade purchasers. The cumulative days on market (CDOM) statistic, which is discussed further below, provides a solution to this problem.

How to Analyze DOM to Predict Future Real Estate Trends

Apart from the ability to compare different neighborhoods and properties, DOM can examine patterns and make forecasts over the course of time. In some cases, such as if the average daily occupancy rate (DOM) in a given location grows year after year, you might expect listing prices to decline when compared to the typical regional market. Sellers will offer competitive prices in order to encourage demand and sell more quickly. It is important to note that real estate values normally rise with time, therefore an increase in the number of days on the market will not always result in a decrease in real estate prices.

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The inverse is true for neighborhoods with a declining DOM, as seen in the chart.

The worth of these neighborhoods will rise at a quicker rate than the value of the surrounding region.

It would be preferable to sell when the DOM is low and purchase when the DOM is high, rather than vice versa.

How Does DOM Affect Buyers?

Buyers should check at the DOM to get a sense of how competitive a neighborhood is on the market. The buyer will need to make an attractive offer in a neighborhood with a low and falling DOM since the market is competitive. In the case of a buyer, a skilled real estate agent would advise them to increase the offer price or to modify the terms of the purchase agreement. Additionally, while making an offer, purchasers may compare the days on market (DOM) of a specific listing to the average for the neighborhood.

The buyer can use this knowledge to his or her advantage in order to negotiate a better offer.

How Does DOM Affect Sellers?

The number of days on the market has an impact on the price strategy for real estate sellers as well. If the average number of days on market (DOM) in a neighborhood is continually falling, it may be prudent for the seller to postpone listing the property. It is possible that the property may be listed in a more competitive market, increasing the likelihood of a bidding battle if the trend continues. However, if the DOM in the neighborhood is growing, it is preferable to sell now than than later.

This is due to the fact that homeowners must compete with other sellers in order to find purchasers. It will be necessary for sellers to devote attention to every area of promoting their house, from carefully staging it to advertising it on several web platforms or in different magazines.

How is DOM Different From CDOM?

It is important to distinguish Days on Market (DOM) from Cumulative Days on Market (CDOM) since Days on Market (DOM) are reset for each time a property is listed again. Therefore, real estate brokers can modify the DOM statistic in order to make an unsold property look more appealing to a client. Because of this, it’s critical to cross-reference with the CDOM, which isn’t reset with each re-listing. Consider the following scenario: a property is first advertised in January, but it does not get any offers and is thus removed off the market in March.

  • DOM: 2 months (May – June)
  • CDOM: 6 months (January – April, May – June)
  • DOM: 2 months (May – June)

However, although DOM may be obtained on any listing website, CDOM is normally only available through the Multiple Listing Service (MLS). Buyers might gain an understanding of it by speaking with their real estate agent. Despite the fact that no single metric is superior to the others, they all contribute to a more realistic portrayal of the listing.


This number is generated by subtracting the day a residence was originally listed from the day it was sold or purchased. If it closed today, you would take today’s date and minus the day on which it was initially listed to get the closing date. It is possible to write it as follows: DOM days are calculated as the difference between the date a house sold or was taken off the market and the date the house was first listed. CDOM The CDOM statistic does not reset with each relisting of a property; rather, it is a cumulative statistic.

CDOM is calculated in a different way by each real estate board.

Do luxury homes usually have a higher DOM?

Yes, because of the high costs, there are fewer eligible purchasers, which means that it takes longer for a deal to close. Many luxury vendors, on the other hand, employ a pocket listing, which keeps the DOM statistic a secret.

What are the benefits of knowing DOM stats for investment properties?

DOM is advantageous for investment properties since it assists agents in determining their bargaining position throughout the negotiating process. Because there will be more buyer competition in agreements with a lower projected DOM, sellers will have greater bargaining power.

Do safer neighbourhoods always have a lower DOM?

No, they might differ depending on where you live. Everything is dependent on the demand in the region and the inventory of goods available for purchase in that area.

Why is DOM higher for a specific property

A number of things can contribute to a greater DOM. At first glance, the listing price may appear to be too expensive, prohibiting offers from being submitted. It’s also possible that the residence isn’t being promoted well. Finally, because unusual and specialty properties have a smaller pool of potential purchasers, they tend to remain on the market for a longer period of time.

The calculators and other content on this page are given only for the purpose of providing general information. WOWA makes no representations or warranties as to the accuracy of the information displayed, and is not liable for any results arising from the use of the calculator.

What Does DOM Mean in Portland Real Estate?

You may have noticed the term DOM on real estate listings; this stands for “Days on Market,” and it refers to the number of days a property has been on the market. This is the number of days a house or property listing has been on the market in a row, without being taken off the market. No matter how quickly another real estate agent lists and sells the property, the days on market (DOM) remains unchanged. In order for the days on market to vary significantly, the property must either be sold or removed from the market for a period of at least three months.

  1. This can indicate whether a property has been taken off the market, sat on the market for a period of time, and then relisted within a few months.
  2. Many properties, on the other hand, may languish on the market for several months, if not years, depending on the sellers, the amount of profit they require, and the present state of the market in the region.
  3. Once a house has received an offer, the closing process can take anywhere from 30 to 45 days, depending on the consensual discussions between the buyer and the seller.
  4. On average, this takes roughly 30 days from start to finish.

Read more:How Should I Price my Portland Home?

If a house has been on the market for more than three months, it may be time to lower the price or try a different selling technique to attract more buyers. The seller should explore all of these options if the property is in need of maintenance, upgrading, or lowering the price. If the seller is serious about selling the home, they should consider doing all of these things. A home that is desired at the right price generates enough interest to bring buyers to the door and put an offer on the table.

  1. As a buyer, you may be wary of a house that has had multiple days on market (DOM), but it is possible that the appropriate buyer has simply not come along yet.
  2. It’s possible that they’re becoming increasingly driven and will accept a cheaper offer.
  3. Keep in mind that the house must appraise for the amount that is being offered, or else purchasers will be required to make up the difference, or the seller will be forced to drop the asking price.
  4. If a house is just listed, it is possible that several offers may be submitted, and you will be competing against many purchasers.

The longer a house has been on the market, the less interest it normally generates, giving buyers a little more wiggle room in their price negotiations. Start here to see all of the new Portland houses currently on the market.

Read more:Excellent Ways to Sabotage your Chances of Getting a Home Loan

Additional: How to have a better understanding of an area without physically visiting it

Days on Market (DOM) and Cumulative Days on Market (CDOM)

DOM (Days on Market) is a metric used by Matrix to track how long a listing has been on the market after it was placed in the Active Status. After looking at the List Date, the system begins counting down the number of days until the property is placed into Off Market Status, at which point the system stops counting days. Statuses with the prefix “Active” include “Active,” “Active Contingent,” “Active Kick-Out,” and “Active Option.” Pending, Expired, Withdrawn, and Cancelled are all examples of off-market statuses.

  1. Once a Coming Soon listing is changed to an Active Status, the DOM is reset to zero (0) on the first day of the Active Status to reflect the change.
  2. Remember that a listing can be in the Coming Soon status for up to 14 days at a time.
  3. In the Temporarily Off Market (TOM) state, no DOM computation is performed on the listing while it is in the TOM status.
  4. If a listing is moved from the Coming Soon status to the Temporarily Off Market status, there is no DOM accumulation on the listing.
  5. Except for the Coming Soon Status, once the listing is online, the DOM begins to accrue once the listing is active.
  6. DOM will be 15 days if you make a listing active on December 15 th, but the listing date is on December 1 st.
  7. Cumulative Days on Market (CDOM): The number of days a stock has been on the market.
  8. For example, if a property was on the market for 30 days before being relisted 15 days later, the CDOM will take into account the 30 days from the prior listing and then add the 15 days from the current listing.
  9. Please keep in mind that other agents will be able to see that the property has previously been advertised using the History tool.

When deciding whether or not to wait the required 31 days before relisting the property in the MLS, a Seller and Listing Agent should take this into consideration. The fact that it was previously mentioned will be obvious.

Buying a House with a High DOM: Pros and Cons

There are several bits of information that may be gleaned from a listing. This might include everything from the square footage to the year the house was built and anything in between. However, one of the most significant figures to pay attention to while viewing a listing is the number of days the property has been on the market, or the DOM. When you have a number like this, you can get a sense of how other possible buyers are responding to the home. Stale listings are another phrase that is used to refer to properties that have been on the market for a long period of time.

  • After this stage, customers are more likely to consider two options.
  • Two, they will have more negotiating power in the future.
  • There are several reasons that contribute to a house not selling quickly enough.
  • Some of these considerations are as follows:
  • It’s possible that the house is overvalued. Despite the fact that the house was under contract, the deal fell through. The home’s outside may be in need of updating
  • Nevertheless, the interior may be in good condition. The listing photographs are of low quality
  • This is a red flag.

There are several other significant considerations that might dissuade prospective purchasers as well. Home upgrades that are more expensive, such as appliance replacement and landscaping, fall into this category. And, of course, there’s the issue of geographical position. Homes near major highways or flood zones tend to have a greater DOM than other types of homes. Is it possible to utilize a stale listing to your advantage in a negotiation? Maybe. Important to remember is that the market value of a home is determined by what a buyer is prepared to pay, not by what the seller expects to get for the property.

However, this has the potential to backfire.

Inquire with your real estate agent as to why the homeowner is selling their house in order to better grasp your negotiating position.

Others may be desperate to get out of their current situation and will be more amenable to bargaining.

Unless you are having your house custom constructed, you can nearly ensure that you will have to make a modest sacrifice somewhere along the way.

Once you’ve sorted out this critical piece of the jigsaw, it’s time to put your offer in writing.

There is always the possibility that an issue is being missed.

Consider getting to know the property and its owners thoroughly before making a decision, and act with prudence at all times. However, do not entirely dismiss houses with a high DOM from your search engine rankings. It’s possible that you’ll come upon a diamond in the rough. SOURCE

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