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Many agents refer to "average days on market," a number that’s arrived at by adding all the days on market of each listing and dividing that by the number of listings. In a buyer’s market, the DOM is generally higher because inventory takes longer to sell. In a seller’s market, the DOM are fewer.
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For example, if your range spans across weekdays for July 4th and Labor Day you would extend 2 days. Federal Holidays from the U.S. Office of Personnel Management. financial market holidays from NYSE Euronext. Use this calculator as a days difference calculator. Calculate days for contracts, business agreements, birthdays, age, etc.
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Calculating CDOM (Cumulative Days on Market) CDOM (Cumulative Days on Market) is the collective sum of the DOM (Days on Market) from the current listing and any previous listings for a specific property. The CDOM for any new listing will include the DOM from any previous listings for that property unless the previous listing was off the market.
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Hi, what is the methodology to calculate average time on the market? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
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The Duration Calculator calculates the number of days, months and years between two dates.
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