Days on Market (DOM)

Beginner 🏠 Real Estate

Definition

How long a property has been listed before sale—the real estate equivalent of checking your expiration date.

Example Usage

This place has been sitting at 120 DOM; we might lowball them.

Origin

MLS (Multiple Listing Service) standard metric

Fun Fact

Properties selling within 7 days of listing are considered 'hot,' though this varies wildly by market.

Source: MLS industry standards

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