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Rainmaker
1,213,606
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

DOM for me is categorized for my sellers & buyers as follows: 

Active DOM: wishful thinking.

Pending DOM: in contract-what the market is presently doing.

Sold 90-180 days DOM: Historical Data, what the market recently did.

Expired/Canceled/Withdrawn DOM: Failed To Sell

Mar 12, 2016 09:41 PM
Rainmaker
4,059,133
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

For a CMA -- they are categorized.  

Mar 12, 2016 09:47 PM
Ambassador
3,034,240
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

It depends upon what I'm doing.  A market report gets sold DOM data, a CMA gets the entire picture. But on my market report it's reported as DOM average and median for solds for that month.

Mar 13, 2016 08:00 AM
Ambassador
3,722,438
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

I do, because if a property was listed and didn't sell during a specific time period, it did indeed have a bunch of extra days on the market.  And it's good when you can shed light on the reason why it lingered.

Mar 13, 2016 04:37 AM
Rainmaker
6,540,835
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

We use the figures provided by the MLS.

Mar 13, 2016 12:58 AM
Ambassador
1,576,105
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Yes I look at the entire picture.

Mar 12, 2016 11:41 PM
Rainmaker
1,398,058
Raymond E. Camp
Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

The calculations should be used for buyers and sellers; then one should also do a visual to see if anything is wrong with the property to warrant having expired or excessive days on the market.

Mar 12, 2016 11:39 PM
Rainmaker
3,321,246
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

For current listings and sales no. For an individual home that was listed once or twice before, i make a note of it

Mar 12, 2016 11:19 PM
Rainmaker
3,996,206
Richard Weeks
Dallas, TX
REALTOR®, Broker

I use what mls shows.

Mar 12, 2016 10:30 PM
Rainmaker
292,535
Jack Lewitz
Exit Strategy Realty - Evanston, IL

I do not because there are too many variable for reason why certain properties were taken off market . Our MLS also calculates DOM in a report called "area market reports". When I use this I have the ability to map out an area so I get in essence a sub market area that is more specific to my subject property.

Mar 12, 2016 10:21 PM
Rainmaker
882,261
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Solds only.

Yes, I do reveal the stats that matter to the owner are SOLDS.

Now I am prepared to share the consequence of the mistakes others make and how pricing 10% too high, to create negotiating room and piling on, can result in a a long-term relationship that was not intended.

Agents, I remind then, do not set the price, owners do.

Mar 12, 2016 09:57 PM
Rainmaker
4,433,583
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Our mls calculates the dom . 

Mar 12, 2016 09:55 PM
Rainmaker
2,020,150
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Our MLS doesn't and it paints an incorrect reality !

Mar 12, 2016 09:55 PM
Rainmaker
872,265
Peter Mohylsky. Broker -BRIX REALTY
Miramar Beach, Florida - Santa Rosa Beach, FL
BRIX REALTY -DESTIN

I don't generally use cancelled or expired listings. They have been rejected by the market for some reason or another. 

Mar 12, 2016 09:55 PM
Rainmaker
315,887
Robert Smith
Preview Properties, PC - http://www.RealEstateMich.com - Brighton, MI
SRES, Search for Homes Brighton-Howell-SE Michigan

Interesting question, but I think not.  If I'm talking about 'solds', the failed listings don't play into that conversation. Likewise with the 'actives'.  However, in a market analysis, the days on market of the 'failed' listings along with price reduction data might be more important.

Just my personal bias.

Mar 12, 2016 09:40 PM
Ambassador
5,357,799
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I leave that up to the folks at the MLS

Jun 10, 2019 06:25 PM
Ambassador
1,771,405
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

In our MLS you can take it off for 90 days and it zeros out. 

Mar 16, 2016 01:40 PM
Rainmaker
4,882,965
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

We do not see many expired or canceled listings, so do use the DOM of those listings that sold (or active/UC).

Mar 14, 2016 02:26 AM
Ambassador
3,312,211
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

The most important DOM when I'm on a listing appointment is the average and median for sold listings and ones under contract.  Expireds and withdrawns haven't been chosen.  And since, in my mind, we're ultimately trying to get at how long it takes to get chosen, I leave them out.

Mar 13, 2016 11:14 AM