Days on market

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Days on market (DOM), alternatively Active Days on Market, is a real estate term used to describe the age a real estate listing. Typically, properties with a large DOM will command lower prices and a property with small DOM's because buyers perceive the property as over priced or less desirable. DOM is often used when developing a pricing strategy. DOM can also be used as a "thermometer" to gauge the temperature of a housing market.

This statistic is as the definition says the Days on Market for the listing. This is not necessarily how long the house has been on the market. Depending on the rules of the multiple listing services (MLS) that is being used - iIf an owner switches real estate agents, the number is reset. There is also the sometimes considered unethical practice of "withdrawing" the listing before it expires and adding the listing again. This would also reset the DOM. However, good real estate agents (if the MLS allows) will research the properties MLS History and can tell more effectily how long the property has been on the market.

Therefore, when this statistic is used it is generally lower than actual.