I saw an MLS listing that said CDOM and DOM, what does this mean?
(This question answered at the 1:11 mark)
The acronyms DOM and CDOM are used to describe the days a property has been on the market on the Multiple Listing Service (MLS).
DOM = Days on Market
CDOM = Cumulative days on Market
This will let you know how many days a property has been available for sale. The property has to be off the MLS for at least 60 days for the DOM to start over, even if it is listed by a different REALTOR®.
On some reports, you may also start to see “CDL” which stands for Current Days Listed.
What we have found is that the number of days a property is on the market will have a major effect on the amount that a buyer will decide to offer. If they see a large number of days on the MLS they will assume the seller is desperate and make a low offer.
Actually, that’s best case scenario, more likely is that buyers will assume there is something wrong with the house and they often won’t even want to view the place because they don’t want to buy a house that has problems.
DOM (Days on Market) is the number of days a home has been active under its current MLS listing. CDOM (Cumulative Days on Market) adds up the days across a home’s recent listings, so if a seller cancels and relists to make the property look brand-new, CDOM still reflects the true combined total. In most MLS systems the counter only resets after a home has been off the market for 60+ days. Some agents are also starting to see CDL (Current Days Listed) used as a related measure.
Why CDOM matters
A high CDOM can be a clue that a listing was overpriced or had an issue — useful leverage if you’re buying a home. If you’re selling, pricing it right the first time keeps your DOM low and your listing looking fresh. Have a question about a specific St. Louis listing? Our local REALTORS® are happy to walk you through it.
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