Days on the Market (DOM)
Days on the Market (DOM) refers to the total number of days a property remains actively listed for sale on the market. It is an important metric in real estate, often used to gauge the demand for properties in a specific area. The DOM counts only the days when the property is actively available for purchase.
When a property goes under contract, the DOM "freezes." For example, if a property goes under contract after 10 days but the sale falls through after 30 days, when the property is relisted, the DOM will resume at 11 days, not 41. This ensures that the DOM accurately reflects the active market time, providing a clearer picture of how long it typically takes for properties to sell in a given market. Understanding DOM can help sellers set realistic expectations and assist buyers in evaluating how competitive the market is for a particular property.
Reports with Days on the Market
- Active Residential Listings
- Residential Inventory
- Type of Market City
- Type of Market Zip Code
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