DOM

DOM means Days On Market, a critical factor when figuring a property's value using the comparable sales approach.

The number you see listed is often NOT accurate.

When a property comes back on the market or is re-listed with the same REALTOR®, the DOM counter is almost always set to 0. This is due sometimes to a glitch in the MLS system and sometimes because a REALTOR® will create a new listing.

When a property expires with one REALTOR® and is re-listed with another REALTOR®, the DOM is alway set to 0.

The ACTUAL DOM is in the system, but takes some digging to find. If you are curious about the DOM for a particular property, please ask and I will dig.