Calculating Days on Market (DOM) can be tricky. The Data Integrity (DI) team wanted to provide you with a few tools to help you calculate DOM.
As a reminder, there are two types of DOM calculations:
- Cumulative Days on Market (CDOM) is the number of days the listing has been live in the MLS.
- Agent Days on Market (ADOM) is the number of days the property has been listed with an individual agent.
One of the trickiest days to calculate is the date you can relist to reset DOM. The listing must be in an off-market status of either cancelled or expired for a full 45 days. The property can then be relisted as a new listing on or after the 46th day from the off-market date. Below are a few tools you can use to determine the relist date.
Relist Date Tools
Go to the Add Days section. First, enter a start date (the listing’s off-market date). Then, in Add/Subtract, input 46 days (or more) in the Days section. Click Calculate New Date and your results will be displayed.
Windows Calculator
Click the Windows icon, then search for the calculator. Once the calculator is open, click the 3 bars on the top left to change the calculator type. Select Date Calculation, then select the Add or subtract days option and input your dates.
Mac Calculator
The built-in calculator on Mac does not have this function, but you can always install an app from the App Store. Search for Date Calendar Calculator. There are plenty of highly rated paid and free apps to choose from.
For more assistance on DOM calculations, please contact ARMLS Data Integrity.
