How is the DOM field calculated?

The DOM field calculates a property’s time on market as follows:

• Property Specific: DOM is calculated by how long a specific property, based on tax ID number, is on the MLS in the “Active” or “Backup” status with a specific office of a brokerage.
  • Note: “Office” means an individual office (i.e. a branch office) and does NOT refer to an entire brokerage firm or company. The calculation is not based on how long a property is listed on the MLS by a brokerage firm (i.e. all branch offices that are part of a company with the same head broker), but rather how long a property was listed by any agent within a specific branch office.
  • Example: ABC Realty’s brokerage firm is made up of three branch offices located in Ogden, Salt Lake, and Orem that are all under the same head broker. Each branch office individually is an “office” for purposes of the DOM calculation.

• Statuses Impacting DOM:
  • DOM Increases: “Active” or “Backup” (also known as “Active Under Contract”) status
  • DOM Pauses: “Active – No Show,” “Withdrawn,” or “Under Contract” status

• New Listings and DOM: In almost all cases, a new listing added to the MLS will start with zero DOM. DOM will carry over from a prior listing to a new listing in two very specific scenarios, as described below.
  • DOM Carries Over from a Prior Listing: DOM from a prior listing on the same tax ID number will carry over and continue to accumulate on a new listing if ALL of the following are satisfied:
    • Listing is changed to the “Canceled” or “Expired” status
    • Same property is re-listed on the MLS within 30 calendar days
    • The new listing is listed by the same listing broker/agent or by anyone else in the same branch office
  • DOM Starts at Zero: DOM will start at zero for a new listing added to the MLS in each of the below situations:
    • A property is listed on the MLS with a broker or agent from a different brokerage
    • A property is listed on the MLS by a broker or agent in a different branch office
    • The property has not been listed on the MLS in the last 30 calendar days
    • The prior listing for the property with that tax ID number sold
    • If a Certificate of Occupancy for the prior new construction listing is provided

What happens if I cancel and re-list my listing?

If Re-Listed After 30 Calendar Days: If you re-list a property that you previously changed to the “Canceled” status on the MLS, and it has been at least 30 calendar days since canceling your last listing, your new listing would show zero DOM.

If Re-Listed within 30 Calendar Days: If a listing that has been on the market for a period of time is changed to the “Canceled” status, and re-listed by the same broker or agent agent or by another broker or agent in the same branch office within a 30 day period, the DOM value for the prior listing will carry over to the new listing and the DOM will continue to increase or accumulate while the listing is in the “Active” or “Backup” status.

Example:

• John Smith has a listing in the Active status for 180 calendar days, before the seller cancels the listing agreement. The Days on Market for that Canceled listing would be 180.
• A week later, John signs a new listing agreement for the same property, and lists the property on the MLS
• That new listing added to the MLS would start with showing 180 Days on Market and will continue to accumulate days while in the “Active” or “Backup” status

For the purposes of DOM, how is “office” being defined?

For purposes of DOM calculation, a “brokerage office” or “office” refers to a specific branch office within a brokerage firm or company. For example, ABC Realty’s brokerage firm is made up of three branch offices located in Ogden, Salt Lake, and Orem that are all under the same head broker. Each branch office individually is an “office” for purposes of the DOM calculation.

The calculation is not based on how long a property is marketed by a brokerage firm (i.e. all branch offices that are part of a company with the same head broker), but rather how long a property was marketed by any agent within a specific branch office.

Example:

• An agent in ABC Realty Salt Lake has a listing on the MLS showing 365 DOM.
• That agent’s listing expires
• An agent in ABC Realty Orem takes over the listing and signs a new listing agreement.
• When that listing is added to the MLS, the DOM would start at zero, because even though both offices are part of the same brokerage firm or company, ABC Realty Salt Lake and ABC Realty Orem are two different brokerage “offices.”
• On the other hand, if, for example, the initial listing was re-listed with another agent in ABC Realty Salt Lake, and that listing was added to the MLS within 30 calendar days of the prior listing expiring, the DOM of 365 from the prior listing would carry over to the new listing.

What happens if I take over a listing that was previously with another branch office, or with another brokerage firm/company?

DOM for the new listing would start at zero, regardless of when you add the listing to the MLS. DOM would start at zero, because the prior listing was not listed with your specific branch office.

My listing has Expired. How does this impact DOM on my listing?

If your listing has expired, and you enter a new listing for the same property within 30 calendar days of the expiration date, DOM from the prior listing will carry over to your new listing.

For URE Members: How does DOM work for newly completed construction where a Certificate of Occupancy has been issued?

In general, if you use the MLS to market a property that is under construction or “to be built” and construction of that property is completed with a Certificate of Occupancy being issued, you can enter a new listing into the MLS for that newly constructed property. DOM from the prior listing, if the new listing is added by the same brokerage office within 30 days, will carry over to the new listing, unless a Certificate of Occupancy is provided. If a Certificate of Occupancy is filed for the new listing, URE staff can administratively reset the DOM on your new listing to zero.