What is Days on Market (DOM)?
Days on market is the number of days a listing has been actively for sale before going under contract. A low DOM suggests strong demand or sharp pricing, while a high DOM can signal an overpriced or hard-to-sell home. Buyers and sellers both watch it as a market signal.
Example: A home with just 5 days on market in a hot area signals strong demand, while one sitting at 90 days may invite a lower offer.