Days on Market Explained

There are two types of days on market counts in the MLS:

• DOM = the number of days an individual MLS # has been actively marketed (Active, Offer-Bump, or Offer-Show status). The DOM resets each time a new MLS # is entered.
• CDOM = the cumulative number of days a property has been actively marketed. This includes the DOM from previous MLS #s unless the property was off-market for at least 31 days between listings.

A few notes:

• In order to enter a new MLS #, a new listing contract must be secured (an amendment does not suffice). If a new listing contract is not obtained, the new listing will be deleted and a fine of $50 will be assessed.
• Days on market do not accumulate while a listing is in Delayed, Withdrawn by Seller, or Offer-No Show status.
• To ensure a DOM count of 0, a listing must be entered on the list date.