Mortgage Glossary
Days on Market
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Days on market, or DOM, is the number of days a listing has been active before going under contract.
What Days on Market means
A low DOM signals a hot market or aggressive pricing. Meanwhile, a high DOM can hint at overpricing or issues and gives buyers negotiating room. Agents watch DOM trends to gauge local demand.
Florida example
A Cape Coral home sitting at 95 days on market gave the buyer leverage to negotiate $12,000 off the list price.
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