I’ve blogged about this before but it was a long time ago. This topic is also being discussed on a Realtor message board I participate in so I thought I’d mention it again here.
It used to be that a Realtor could cancel a listing on the MLS, then relist it. This would create a new MLS Listing # and start the Days On Market (DOM) over again.
Over a year ago, the Central Coast MLS added a Cumulative Days on Market (CDOM) in addition to the Days on Market. If a property has been listed with any Realtor in the last 90 days (I think it’s 90 days), then the Days on Market for that listing period is added to the CDOM. So even if you switch Brokerages, the CDOM will reflect the amount of time the home was on the market with the other Brokerage (or Brokerages).
Now that homes are staying on the market longer, CDOM will give you a property’s “real” days on market.
Based on the discussion on the Realtor message board, there still are a lot of areas around the country that don’t have a Cumulative Days on Market in their MLS system.
BTW, the reporting tool I use on my Just Sold reports only lists the DOM. They don’t give me a choice to display the CDOM.