What's the Difference Between DOMM and DOMP in the Northern VA MLS?
If you have ever viewed a listing online that came directly from the Northern Virginia MLS (proper name is the Metropolitan Regional Information Systems,) then you have probably wondered what in the world DOMM and DOMP mean and why they are different numbers sometimes.
DOMM (Days on Market MLS) is the number of days that the property, with that specific MLS number, has been active on the market.
DOMP (Days on Market Property) is number of days that property itself has been active on the market, even with different MLS numbers, within a span of ninety days of it first being entered into the MLS.
Why are there different numbers to track marketing time? Well, believe it or not, some agents will remove a listing after the DOMM has crept up to a level they feel may be stigmatizing the property. Therefore, they will re-enter the same property again into the MLS and get a different MLS number for the new listing. However, the DOMP keeps track of the marketing time, as this is a trick the MLS has become accustomed to and leads to inaccurate facts which could negatively impact consumers.
There may be legitimate reasons to take a home off the market and relist again, like hiring another agent, but those reasons don't mean you haven't attempted marketing your property, which is why DOMP exists. Consumers deserve an accurate representation of true marketing time for listings.