This post was edited on 5/20/2020: 90 was changed to 45 days. Prior to 6/4/2020, DOM resets only after 90 days.
Want to reset your Days on Market (DOM)? You’ll need to have some patience, as it takes 45 days for a listing in an Off-Market status to reset. An Off-Market status includes Closed, Temporarily Off Market (TOM), Cancelled or Expired. On the 46th day you can relist the property and the new listing will reset to zero days on market. When re-listing a property, you must create a new listing (which will generate a different listing number). You can save time by copying your old listing.
Here are two scenarios that explain DOM reset in further detail.
- If the original listing agent relists the property less than 45 days from the previous listing’s Off Market Date, ADOM and CDOM will carry over to the new listing.
- If a different agent re-lists the property less than 45 days from the Off-Market Date and there is no change of possession, ADOM will reset to zero, but the CDOM will carry over to the new listing.
With the seller’s instruction, you can use TOM to wait out the 45 days, then change it’s status directly to Cacelled/Expired to relist with zero days. If you change a listing’s status to Active then Cancelled/Expired, it will not reset.
Anonymous
In your article you use the terms “Listing Agent” and “New Agent”. Did you mean to say current Brokerage and New Brokerage?
Many agents have used and continue to use what you explained to manipulate the days on market. Will these agents still be able to do this?
James Marcus
For CDOM and ADOM, the brokerage isn’t considered. CDOM: a 45-day wait is required for a reset to 0 – regardless of who the listing agent was before. ADOM: Resets immediately if the property is relisted with an agent who didn’t list it last time. Or if the same agent relists, they will have to wait the 45 days for ADOM to be 0.
Anonymous
Do I have to wait till June 4th to cancel listing?
James Marcus
The system looks at what the DOM is the day a property is re-listed, so properties that were listed or cancelled before June 4 can still take advantage of the 45 day reset.
Anonymous
Please clarify the last paragraph in the article…what does this mean?
You can use TOM to wait out the 45 days (with the seller’s instructions only), but change it directly to Cancelled/Expired to relist with 0 days, changing it to Active then Cancelled will cause it not to reset
James Marcus
You do not need to move it to Active to move it to Canceled. If you move it to Active, then the DOM will not reset.
Anonymous
What a convoluted process!!! Thanks for the real estate agents trying to help the rest of us navigate the system.
Anonymous
The DOM reset scenarios only applies to the Arizona MLS correct?
James Marcus
To ARMLS, correct. Although other MLSs could decide to do the same thing.
Anonymous
When does the 45 days start to toll, the day the listing is set to TOM or the day after? For example, if a listing is set to TOM on 06/05, should it be reset on 07/19 or 07/20?
James Marcus
Hi, the DOM won’t reset until the property is re-listed. While it is sitting in TOM, it will reflect the frozen DOM prior to moving it to TOM. IF you move it directly to cancelled and re-list, it is at the re-listing that the DOM will show 0.