Days on market

3 Replies

So, I am looking at the MLS data an agent sent me for solds and I am a little confused looking at it. This one property I looked at, the list date is 4/2/10 and the sold date is 6/23/10. The DOM is 10..From the dates, it took the property more than 2 months to get sold, but why is DOM 10?

Because it took ten days to get an accepted offer on the property. At that point, a property is no longer on the market.

In this case DOM more then likely means days the listing was active. As the other poster said, it took 10 days to get an accepted offer and from there went to pending and then sold.

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DOM will not tick unless the property was active. So you don't count days the property was pending, or contingent, or possibly withdrawn.

Some MLS will count those days (pending, contingent or withdrawn) with an alternate DOM count under another designation. Remember MLS designations vary with each realtor association so you have hundreds of them across the country.

Thank you for the quick replies.

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