Real Estate Glossary

What is Damper?

Days on the market (DOM) is a term used to describe the length of time that a property has been for sale. DOM is typically measured from the date that the property is first listed for sale until the date that it is sold or taken off the market. A property with a high DOM may be less desirable to buyers or may be perceived as being overpriced, while a property with a low DOM may be more desirable or may be perceived as being a good value.