Have you noticed the fields Days on Market (DOM) or Cumulative Days on Market (CDOM) in Flexmls? Do you know the difference and how each is calculated?
Below are definitions for Days on Market and Cumulative Days on Market.
Days on Market
Days on Market, or DOM, is a measurement of the age of a listing. DOM is the total number of days the listing is active in the MLS. DOM stops accumulating when a listing moves into Pending status and Sold status.
Cumulative Days on Market
Cumulative Days on Market, or CDOM, is the total market time accumulated on a property address. CDOM is calculated when a property has expired or is withdrawn and relisted within 90 days. It adds the previous DOM with the current DOM and puts that total amount in the CDOM column. CDOM returns to zero once a property is off the market for 90 days or more. It also does not carry over for sold listings.