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Days on Market – DOM

Days On Market

The MLS calculates Days On Market (DOM) as the time a property has been available for sale on the MLS. The DOM calculation begins at time the property is listed on the service and continues while a valid listing agreement exists between the seller and their broker

The purpose for use and display of DOM is to provide cooperating brokers and their clients a true picture of the duration of the property’s availability for sale..

The DOM will continue to accrue on the MLS unless:

-         the property is marked as Cancelled

-         the property is marked as Expired

-         the property is marked as Sold

The DOM counter will only reset by one of the following conditions:

-         the property is listed on the MLS after being marked Cancelled for 31 or more days

-         the property is listed on the MLS after being marked Expired for 31 or more days

-         the property is listed on the MLS after being marked Sold for 31 or more days

-         the property is listed on the MLS but should have been marked Cancelled, Expired or Sold or 31 or more days. Note: this situation will result in a DOM reset and an automatic penalty to the previous listing agent

The MLS will not reset a listed property’s DOM except by these events.

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