Days on market (DOM)
How long a home has been listed for sale. A high number can mean room to negotiate; cumulative DOM counts time across relistings.
Also called: DOM, CDOM, cumulative days on market, time on market
Related terms
A home that is currently for sale and taking offers. It has not yet gone under contract with a buyer.
A cut to the list price after the home has been on the market. It usually signals the home was priced above what buyers would pay.
How fast homes are selling in an area, often shown as the share of current listings that sell in a month. Higher rates point to a seller's market.
How many months it would take to sell every current listing at the recent pace of sales. Under about four to six months generally favors sellers; more favors buyers.
A home that went under contract but returned to active status because the deal fell apart. It does not always mean something is wrong with the house; financing or the buyer's own sale may have failed.