Tag

CDOM

MLS Agent Remarks: “Bring Your Client Fast as it Will Not Last!”

How Many Real Estate Marketing Errors Can You Spot? To my eye, the listing agent marketing a certain Fern Hill Rambler now commits not one but two mistakes trying to push Buyers’ “Fear of Missing Out” button: One. In an ongoing Seller’s market with too little inventory, it’s certainly plausible that any new-to-market listing will...
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How Many Days Has That House Been on the Market? It Depends on How You Count

“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...
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5800 Dale in Edina, Updated

16 Days on Market?  Or 6? I lasted posted about 5800 Dale Ave. in Edina at the beginning of the month, just after it debuted on the market, and before the first Sunday open house on Nov. 6. What happened next? Thanks to my client’s exhaustive prep, the right price, and aggressive marketing (including a...
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“Permanent Records” — High School & Real Estate

Only 2 Ways to Wipe the Slate Clean on an Old(er) Listing Once upon a time, misbehaving kids in high school were told that, if they didn’t shape up, their misdeeds “would go on their ‘permanent record.'” Adults know that there’s no such thing (unless you count credit scores). But, there’s something very much like a...
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“Days on Market at Most Recent List Price” (Now Also Known as “PDOM”)

Difference Without a Distinction? The most recent MLS tweak is a change to how market time is reported. Previously, the acronym was “CDOM,” for Cumulative Days on Market; it reflected how long a given property was on the market since listing. Shouldn’t That Be “DOMP??” MLS still shows “CDOM,” but now it also displays something...
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Snow in July? Nope, Not Even in Minnesota

“New on Market July 1” Supposedly, the only month in which there’s no recorded snow anywhere in Minnesota is July (and I’m not so sure about that). So, it’s obvious that this Craftsman-style Bungalow (above) in Minneapolis’ Kenwood neighborhood didn’t really just debut on the market this week. In fact, according to MLS, the home’s Cumulative...
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