“DOM” vs. “CDOM” vs. “PDOM”
Unbeknownst to non-Realtors, there are not one but THREE different ways to count the number of days a given “For Sale” home has been the market.
According to the Multiple Listing Service (“MLS”), they are:
One. Days on Market (“DOM”): the number of days the current listing has been on the market.
Two. Cumulative Days on Market (“CDOM”): the number of days the home has been on the market in the last year.
Three. Days on Market at the Current Price (“PDOM”): what it sounds like.
“Kitchen Sink Scenario”
Confused?
This “kitchen sink” scenario should help (unless it confuses you further):
Day #1: “Active” — home lists on MLS for $500,000.
Day #32: Price reduced to $489,900.
Day #40: “TNAS” (“Temporarily Not Available for Showing”) while home is inspected.
Day #45. “Active” (Buyer cancelled as a result of the inspection).
Day #58: Price reduced to $479,900.
Day #90. MLS status changed to “Cancelled.”
Day #110. Home re-listed (“Active”) with Realtor #2 at $475,000.
Day #130. Price reduced to $465k.
Day #145. MLS status changed to “A,i” (“Active, Subject to Inspection”).
Day #155. Status on MLS switched to “Pending.”
Day #212. Status on MLS switched to “Closed”; sold price = $462,500.
Here are the number of days for each of the metrics:
PDOM: 25 days.
DOM: 45 days.
CDOM: 155 days.
Got all that?
Your Realtor (hopefully) can explain . . .
