I am very pleased to see CDOM (Cumulative Days on Market) added to the Wasatch Front Regional Multiple Listing Service (MLS).  Some Realtors would pull their listings off the MLS only to have them reappear as a fresh new listing.  This would give their listing a new MLS number and make it appear as if the home just arrived on the market.  In the fourteen years I have sold Real Estate in Utah County I have kept away from this practice because I felt it was sneaky and dishonest.  Us Realtors here in Utah County became familiar with those agents that used this method and claimed it as a marketing strategy in their listing presentations. 





We now have the CDOM which burst the previous sneaky MLS reset practice.  This means every listing keeps a true and correct number realated to days on the market.  I AM SO HAPPY TO SEE THIS CHANGE!  It helps us Realtors and the public know how long a home has truly been for sale.  This number is not attractive right now in Utah County.  We currently have a 16.5 months (saturation point) of home in the market.  Many people only look at the DOM (days on market) and claim this is how long it is taking to sell a home.  This number is incorrect because it only counts the days the home has been on the market with the last Realtor.  If a Realtor did the MLS number reset this would further manipulate the true days on market.  These are the kind of changes we Realtors need in order to make our profession more respected.

Here is a breif description of the dates on the MLS datasheet: DOM, CDOM, CTDOM.


DOM (Days On Market): This number represents the value between the List Date of a property through the Expired or Sold date and includes all days the listing was in any other status in-between.
*Example: Listing A has a List Date of 01/01/07. It was placed Under Contract on 01/15/07 and has a sold date of 01/30/07. This listing will have a DOM of 30 days. If this listing had expired on 01/15/08 instead, its DOM would then be 15 days.

CDOM (Cumulative Days On Market): This number represents the value between the Active date of a listing through the Under Contract date and excludes all days the listing was in Off Market status. In addition, CDOM accumulates the CDOM for any prior listing that has been expired for less than 90 days between new listings. CDOM resets to zero on new listings if it is being listed more than 90 days since the expiration date of a prior listing or if the prior listing was sold.

*Example: Listing B was entered on 01/01/07. It was then placed Off Market from 01/08/07 through 01/10/07. The listing went Under Contract on 1/20/07 and then Sold on 01/30/07. The CDOM for this listing will be 17 days. If this property was a relist, and was entered into the system within 90 days of a prior listing's expiration date, the CDOM of the prior listing will be added to this one.

*Please note that a listing placed Under Contract but NOT changed to Sold status (i.e., reverts back to Active, is Unconditionally Withdrawn... etc.) will not have the Under Contract days excluded from the CDOM.

CTDOM (Contract Days On Market): CTDOM is the number of days between the List date of a listing through the Sold date and includes all days that the listing was in any status in-between. CTDOM displays only on listings that have been placed in Sold status.  *Example: Listing C was listed on 01/01/07, went Under Contract on 01/15/07, and sold on 01/30/07. The CTDOM for this listing will be 30 days.