Kathy Schowe Real Estate Agent La Quinta, CA (760) 564-1200 Contact Profile
DOM/CDOM. what does it really mean?
Days on the market or DOM can be a good indicator of the sale-ability of a current listing. Even better is the Cumulative Days on the Market or CDOM.
Cumulative Days on the Market quantifies how many days a listing as been on the market with the current agent. Many times I see agents cancel a listing and "re-list" them to reduce the DOM number. But savvy agents know that the CDOM is much more important. If you see a home with:
3/441 in the DOM/CDOM
column, you know that the agent has opted to "reset" the clock.
If your listing has been on the market for over 30 days without an offer in our current market- you probably have an overpriced listing. Find an agent who knows your neighborhood, and your market-- and can support the price with comps. (Meaning actual recent sale values.)
If you contact me regarding selling your desert home- and I am not the expert for your area. I will help you find the best agent for your neighborhood.
By Kathy Schowe Real Estate Agent with California Lifestyle Realty DRE# 1780607
Posted on August 10, 2013 06:22 PM