DOM vs CDOM

Days on Market (DOM) is calculated for on-market listings by taking [Today’s Date] minus [Contract Effective Date] minus [Off-Market Days].

• Starts calculating based on the type of listing scenario:
  • Traditional Listing (listing is published on the MLS within 48 hours of fully executed listing agreement)- DOM starts accruing on Contract Effective Date.
    Note: the Start Marketing Date does not even appear on the screen in a Traditional Listing scenario.
  • Delayed Listing (listing is not ready to be published within 48 hours of executed listing agreement)- DOM starts accruing on Start Marketing Date.
  • Coming Soon listing- DOM starts accruing on Go Active Date.
     
• Adds 1 every night after midnight for all listings that are On Market.
   
• If a listing goes to Under Contract, TEMP or WITH and then back to Active, the DOM continues calculating where it left off, not including the days the listing was in the Under Contract, TEMP or WITH status.
   
• DOM stops calculating when a listing is in a final status (Closed, Expired or Cancelled).

Cumulative Days on Market (CDOM)= DOM + initial CDOM (the initial CDOM is set when the listing is entered).

• Calculates every day while on-market (Active, Under Contract-Continue to Show).
   
• If a listing is taken off market (Cancelled, Deposit, Temp Off Market, Expired or Withdrawn) AND relisted within 90 days (regardless of who it is relisted with), CDOM keeps counting.
   
• CDOM resets if a listing is relisted more than 90 days after previous listing in the system or if a property is relisted under a different property type than the previous listing.
   
• Only a Closed status will stop the CDOM calculation for the property.