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.
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 So you don't count days the property was pending, or contingent, or possibly withdrawn.
Some MLS will count those days (pending, contingent or withdrawn) with an alternate DOM count under another designation.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.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing