Days on market
How many days a listing has been active on the MLS. A high number tends to make buyers ask what's wrong with the home, whether that's fair or not.
Every term like this one lights up in the step you're on.
Free to set up. No credit card.Part 1 of 4
Why a seller cares
Buyers read a high DOM as a question about the house. The first two weeks are when a listing gets most of its attention, and a price that misses them is expensive to correct later.
Part 2 of 4
A simple example
Your listing is on day 45 in a market where the median is 18. New buyers' agents ask what is wrong with it before they book.
| Days on market | How buyers tend to read it |
|---|---|
| Under the local median | Fresh; offers arrive at or near the ask |
| Twice the median | Something is off; offers arrive under it |
| Months | A discount is expected, whatever the house is like |
DOM is a number buyers use to price the home for you.
Part 3 of 4
What people get wrong
That a long DOM is a sign of a bad house. Most of the time it is a sign of the first price.
Part 4 of 4 · where to read next
Where it appears in the sale
What a definition is, and what it isn't
Keighbor is a software company, not a law firm, brokerage, or tax adviser. This is general information, not legal, tax, financial, or real estate advice about your sale. Your situation may differ. Before acting on a contract, disclosure, title, tax, or pricing question, ask an appropriately licensed professional in your state.
Written and researched by Keighbor Research · drawn from the reference glossary · how we research and check what we publish
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