Days on Market (DOM)
Days on market is a market statistic measuring how long a listing has been active (as defined by the listing platform's rules) before it goes under contract or is removed. It is used as a signal of demand, pricing fit, and marketing effectiveness, but definitions can vary by platform and status logic.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Marketing
- Property types
- Residential, Commercial (Retail/Office/Industrial)
Read more in the Knowledge Base
- AI-Driven Leasing Optimization: Reducing Days on Market ThroughLandlords
- Days-on-Market Decay Curve - Quantifying When to Reduce PriceLandlords
- Avoiding Stale Listing SyndromeSellers
- The Concession ParadoxLandlords
- The Cost of OverpricingLandlords
Related terms
Listing StatusTime on MarketPrice ReductionAbsorption
Marketing and Listing Terms
- Asking Price / Asking Rent
- Co-Brokering
- Concessions
- Letter of Intent (LOI)
- Listing
- Multiple Listing Service (MLS)
- Offering Memorandum (OM)
- Residential Listing Service (RLS)
- Term Sheet
- Universal Co-Brokerage Agreement (UCBA)
General information, not legal, tax or financial advice.