New Procedure for Days on Market

New Procedure for DOM

Last month MarketLinx updated how DOM is computed on our MLS system. This was as requested by the MLS committee. Below are the rules used for computing DOM.

DOM (Days on Market) ... computation on CBR TEMPO should be determined based on "the time elapsed from the list date to the date of a listing being REPORTED ACTIVE CONTINGENT, ACTIVE ESCAPE, or UNDER CONTRACT.”  If the listing goes BOM (Back on Market) in any ACTIVE status or the contingency is removed prior to closing, the clock starts again from the list date.

Listdate to today's date - when in 'Act','Auct'
Listdate to ExpireDate - when expired
Listdate to OffMarketDate - when TemporarilyOffMarket
Listdate to WithdrawnDate - when Withdrawn
Listdate to REPORTED pendingdate - when Pending and/or Closed (assuming it's previous status was not conte or contc) Listdate to REPORTED contingent date - when contc or conte and/or Closed (assuming that the status previous to pending was conte or contc) If a contingent listing (contc or conte) or Pending listing goes back on market then the DOM clock starts counting again from the list date. If a contingent listing (contc or conte) then goes directly to undercontract and sold the DOM is measured from list date to REPORTED contingent date (contc or conte). For some closed listings the DOM is listdate to REPORTED contingent date (contc or conte) if that listing was reported as going contingent then pending then sold (with no other status changes in the middle). For other closed listings the DOM is listdate to REPORTED pending date if that listing was not previously reported as contingent (conte or contc) (the status prior to pending is NOT conte or contc).

REPORTED date is the date the status change was input/recorded in the Tempo system.