September's MLS Quick Tips Recap

Every Thursday GDWCAR releases MLS Quick Tips on our social media channels. (Are you following us on Facebook, Instagram, and Twitter?)

Here are September's MLS Quick Tips:


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Understanding the Days On Market Calculations

Days on Market are calculated from the List Date through the Off Market Date.

Off Market Statuses are: Pending, Sold, Expired, Withdrawn, and Cancelled.


Understanding the Days On Market Calculations

For the status of Temporarily Off Market, the DOM calculations are suspended while in the TOM status. Once the listing is Active again, the DOM will accumulate again.


For the Sold Status, the DOM are calculated based on the List Date to the Pending Date. If the listing status was changed from Active Option or Active Contingent or Active Kickout, then to the Sold Status, the Days on Market will calculate from the Listing to the Pending Date that is entered once the listing is placed into the Sold Status.


Understanding the Days On Market Calculations

Cumulative Days on Market is calculated by adding the DOM from a previous listing with the DOM of a current listing where there is no substantial break in the time period between when the first listing was on the market versus the next listing. (Off Market for 30 days is the Magic Number)

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