Days on market (DOM).
In plain English
Days on market, or DOM, counts how many days a home has been actively listed since it hit the market. It is a quick read on demand. A low DOM suggests a hot listing where sellers hold the leverage and bidding wars are likely; a high DOM hints at weaker interest, an overpriced home, or a problem, and gives buyers more room to negotiate. DOM can reset if a listing is pulled and relisted, which some sellers do to look fresh, so it is a useful signal but not a perfect one.
01Why it matters
DOM is a fast gauge of who holds the leverage in a deal, so reading it helps you judge how aggressively to offer or how firmly to hold your price.
02The math, step by step
A home listed 4 days ago with several showings signals strong demand, so lowball offers may fail. A similar home at 90 days on market gives a buyer far more room to negotiate the price down.
03What this is NOT
Days on market is NOT the time to close. It counts how long the home has been listed for sale, not how long the escrow or closing process will take once an offer is accepted.
04Receipts
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