How long has the property been at this price?

When viewing a listing, the time on market figures are often one of the first things we check. Days on Market tells the total days Active under the MLS number, while CDOM (cumulative) gives total market time. But what about when you want to know how long an Active listing has been at it’s current price, or how long a Sold listing (or other off market status) was at its final List Price before it sold (or expired/cancelled)? You would have to open the History pop-up and calculate it yourself. With our newly added data field PDOM, it’s now calculated for you.

PDOM is days on market at most recent list price. PDOM indicates:

  • How long an Active property has been listed at its current price.
  • How long a property was at it’s final list price before it sold. This can be especially helpful in showing sellers how quickly a comparable property sold once it was priced at the market level.

PDOM reflects activity for the current listing only. It does not look back at pricing history for the same property under different list numbers. For example, if a property is listed at $200,000 for 60 days, the listing is canceled and then re-listed again at $200,000, the PDOM starts over at 1 for the new listing. It does not add in the 60 days from the previous listing. However, you can quickly assess that by clicking the History link on the listing.

PDOM calculates nightly. If you make a price change, the PDOM will reset to 1 on the listing overnight.

You will find PDOM alongside the regular Days On Market and CDOM on all Property Full displays in Single Family, Multi-Family and Lots/Land. We are in the process of adding it to the remaining property types, PDF reports and Customer Portal Full displays. We expect those to be completed by end of week.

If you have any questions, contact the Help Desk at help@northstarmls.com or 651-251-5456 (1-877-251-5455 toll free outside the metro area).

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Tip of the Week
Market Metric: DOM & CDOM with Infosparks

Learn what the metric Days on Market is really telling you and how to use it to your advantage!

The What: DOM measures the number of days from the last time a listing is listed to the last pending status before the listing is sold. CDOM measures the number of days from when a property is first listed to when a property goes into the last pending status before being sold. For a visual explanation of this, see below.


The How: There are variations, but the gist is to identify the number of days that a home spends on the market as active. DOM and CDOM are calculated for each listing and then averaged with all other pending sales. DOM indicates how long it takes for a listing to sell once it is priced and shown appropriately. CDOM shows how long it takes a listing to sell, including all the cumulative time the home was actively marketed. So if a home goes on the market in January, receives no offers or showings, is removed from the market in March and then put back on the market in May before being sold in June, CDOM captures those first three months of listing, whereas DOM only counts from May to June.

The Oops: Neither DOM nor CDOM are better than the other. Each exposes different things about a market and are most powerful when used together.

The Beauty: DOM is really good at showing the length of time it takes to sell a typical home, given current market conditions. CDOM shows how long it takes to sell a home from listing to pending, on average. Comparing DOM to CDOM is a nice way for agents to manage seller expectations.

Go to Infosparks now to see it in action!


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