retiredguy123 |
08-21-2024 07:20 AM |
Quote:
Originally Posted by Villager1234
(Post 2362481)
You can see MLS listings, how long on market, pricing changes
Just go to Zillow or realtor.com also shows recent sales with selling price not listing price
You have to squeeze that info out of a village sales rep
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There are actually two calculations for "days on market" that the real estate industry tracks:
"Days on Market (DOM) provides a look at how long the current listing has been actively marketed. This is the time when buyers can view the listing online and make offers on the property. It starts and stops calculating, depending on the statuses you use throughout the life of your listing.
The Cumulative Days on Market (CDOM) offers a more comprehensive view of how long the property has been actively marketed. It provides the sum of Days on Market for all listings associated with the same property, when the listing is expired or withdrawn and relisted multiple times by any office, and when there are 60 days or less between the end of one listing and the start of another."
Whenever I have asked an agent for information about the CDOM, they have avoided my question by claiming that they don't know. This is the information that some selling agents do not want potential buyers to know about because a house that has been on the market for a long time is harder to sell.
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