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Days on Market (DOM)

DOM is defined as the number of days from the date on which the property is listed for sale on the local real estate brokers’ multiple listing service (MLS) to the date when the seller has signed a contract for the sale of the property with the buyer.

A related metric is the average DOM for homes sold in a market during a specified period. A low average DOM indicates a strong market that favors sellers. A high average DOM signals a weak market that favors buyers. Seasonality can also be a factor.

Homes generally appear to sell faster in Spring than Winter, since you often have more people looking to purchase and sell during the more pleasant weather months rather than the colder more uncomfortable weather months.

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Peter Bately
Peter Bately

DOM counts the days between when a property was first listed and sold or removed from the market. Best Handyman Services in USA



DOM is the period of time between the day a property is advertised for sale on the multiple listing service (MLS) of the neighbourhood real estate brokers and the day the seller and buyer enter into a contract to sell the property.

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