IMPORTANT: DOM, CDOM and Contingencies
The NorthstarMLS Board of Directors recently approved the following changes:
- DOM (Days on Market) and CDOM (Cumulative DOM) will be made available on all Matrix Full Displays/Reports for both the property/agent versions and the customer versions (in Matrix and on the client Portals outside of Matrix sent by agents to their clients). The CDOM number will be shown directly on the display/report without having to open a separate pop-up. A link to the property history will still be on the agent-only versions. These changes are on the property/agent displays now and will be made to the customer versions early next week.
- DOM, CDOM and Contingencies are now available through the IDX/Broker Reciprocity data feed. All vendors have been given advance notice to prepare. If you would like any of these fields added to your agent/broker Website, contact your vendor. These fields are being made available to agent/broker sites only and are not available for listing syndication to third party sites (such as Zillow, Trulia or Realtor.com).
Why the changes? Both DOM and CDOM are relevant material facts about a property that potential buyers need and want to know. Agents should still take a role in providing context, particularly with CDOM. Adding them, along with Contingencies, to the agent/broker website data feeds helps answer some of consumers’ most common questions. In the case of Contingencies, it reduces the consumer’s disappointment and frustration with discovering that an offer is already accepted on a property that otherwise appeared available. It also gives consumers important information available on Realtor/Broker sites only and not on third party sites.