The Cumulative Days on Market (CDOM) counter is now active at MRMLS.  CDOM tracks the total days a property has been on the market, irrespective of the broker/agent who has the property listed.  CDOM continues counting as long as a property is in Active, Backup, Contingent and First Right of Refusal status. CDOM only stops counting when a property moves to an off-market status, such as Closed Sale, Canceled, Expired, on Hold, Leased, Pending, or Withdrawn. If a property is off the market for more than 60 days, the CDOM counter is reset to zero, unless it returns to an on-market status from Pending, Hold, or Withdrawn, in which case it resumes counting where it left off.

For example, if a property was listed on January 1st, expired 90 days later, and re-listed by the same or another agent within 60 days, at midnight, the CDOM counter will display “91” and the Days on Market (DOM) will show “1.”

Frequently Asked Questions:

Q.  How is CDOM calculated?

A.  MRMLS Matrix uses APN, Street #, Zip Code, Unit # and/or Space # to identify and match listings for CDOM calculations. Each night during midnight processing all “on market” listings have their DOM incremented by one. New listings have a DOM of zero until the end of the first day of the listing. CDOM is the sum of all consecutive DOMs for a specific property that do not have at least a 60 day gap between the previous close date and the new list date. CDOM is automatically reset to zero if the property is sold.

Q.  If I take on a listing that expired with a previous agent, will CDOM reset to zero?

A.  CDOM calculations will only reset to zero if there has been at least 60 days between the previous close/expired date and the new list date.

Q.  When does Matrix update the CDOM count?

A.  CDOM calculations will happen within a few minutes of any change to the listing. If no changes are made, the CDOM counter increments each day at midnight.