Days on Market
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.
What it is
Days on market is how long a home has been listed for sale. A high number can signal room to negotiate.
A low number often means strong demand.
Why it matters
Days on market helps you gauge your leverage when you make an offer. It hints at how the seller may respond.
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Verify the details for your own situation against these government and agency sources: CFPB Owning a Home guide and HUD homebuyer resources.