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Days on Market or "DOM" is a crucial statistic used to understand real estate activity in a particular area. DOM measures the number of days between a property's initial listing and the date it either sold or was taken off the market. A decreasing DOM means a market becomes more competitive, while the opposite is true with an increasing DOM.
Days on Market, often abbreviated as DOM, is a crucial metric in the real estate industry. It measures the length of time a property listing is active before it goes under contract. This includes the period from the day the property is listed for sale until the day the seller accepts a buyer's offer. DOM gives us a sense of the pace of the real ...
Jul 5, 2022 · Demetrios Sourmaidis - Licensed Real Estate Agent July 05, 2022. In real estate, DOM stands for Days on Market. It’s the length of time that a house has been on the market (a.k.a listed for sale). The number of days on the market directly affects the sales price of the home, so it’s a number that home buyers and sellers should pay attention to.
Understanding different real estate terms for homes listed on the market is key to succeeding within the space. DOM is a multifaceted tool in real estate that provides essential insights into market dynamics. Whether you’re a buyer, seller, or investor, get to know how days on market can impact your next decision.
May 22, 2022 · What does ‘days on market’ mean? “‘Days on market’ is the number of days that a property has been listed on the local multiple listing services (MLS) until a seller has accepted an offer ...
DOM helps assess a property's popularity and market conditions. A low DOM indicates high demand, while a high DOM suggests a slower market or less desirable ...
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Jul 17, 2021 · Real Estate Agents use the DOM metric as an indicator of the real estate market. Days on Market is also a good indicator of how well a home is priced. A longer DOM acts as a red flag and can affect the ultimate selling price. The ratio between days on market and sales price is generally an inverse one. The length of time a home sits on the ...
