When you look at a listing people often wonder what the difference is between DOMM and DOMP as it relates to how long a property has been on the market.
Both of these terms represent different indicators of how long the property has been listed for sale.
DOM-M stands for Days on the Market- MLS. Or the number of days this exact MLS listing has been on the market (not the home, but the MLS#).
DOM-P stands for Days on the Market- Property. So regardless of the number of different Realtors, it shows the number of days the property has been for sale.
Sometimes a property might be 85 days with one Realtor, and then 10 days with another. That would show up as: DOMP/DOMM= 95/10.
The most important number is the DOMP number to give a buyer an indication of how long the property has been sitting on the market.
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