What does DOM mean in real estate
DOM stands for “days on market”. Realtors have known this phrase forever. It’s something we track to know when a property was first listed. The longer something is on the market, the harder it is going to be to sell at its current price or condition. Given all of the information online today, buyers will see DOM, and it will help inform their decision about making an offer on a home. Note that sometimes a home will have been listed previously, but never sold. The DOM won’t take into effect that prior listing. It is important to research past sales of a home you desire.