- Feb 8, 2004
- Professional Status
- Certified Residential Appraiser
What do you put in the Data Source box. How do you calculate DOM? Is it active listing date to contract date or closed sales date?
I use cumulative which counts when a realtor takes off for say 15 days then re-lists so the property isn't stale.
So I do listing to pending date, our realtors use something called confidentiality and negotiating tactics and do not give out contract dates as they follow laws around here.
Does it ask for DOM or CDOM on the form instructions. That should be the answer to your question, in regards to what you should put on the form.
View attachment 33636
That said, the form is not the whole story. Therefore, I always show much more in my comments.
View attachment 33635
These do vary from MLS to MLS/Board to Board. For Example Ft lauderdale/Palm Beach the timeline for CDOM is gaps up to 9 months while Miami is gaps up to 4 months. Still discussing comprise to a point somewhere in the middle so the info for the overall data can be based on the same "rules"More curious than anything on the time lines
It depends on what you are trying to define. In terms of DOM/CDOM the time line is list date thru pending date. When compiling data for the 1004MC, Fannie Mae considers pending sales to fall into the active category.Is it active listing date to contract date or closed sales date?