Northern Virginia Home Sellers Ask Gina – "How long will it take for my house to sell?"
If you are getting ready to buy or sell real estate in Northern Virginia, or anywhere for that matter. There are lots and lots of stats that are important to know. One of these is DOM. DOM refers to Days On Market. In some instances there are two options for this number – DOMM and DOMP. There is a distinct difference between the two and it is important to know which one you are looking at when formulating your buying or selling strategy.
DOMM is how long the home has been for sale in MRIS, the local Multiple Listing Service in the DMV area, under that specific MLS number. This tracks the days from the moment that particular agent created that particular listing until today. This is not always how long the property has been active in the MLS and offered for sale in the local real estate market, that number is referrred to as DOMP, or Days On Market Property. The DOMP number is how long the property has been active, in total, without any gaps of more than 90 days, since it was first placed in the MLS. If a homeowner pulls their listing for more than 90 days, both numbers reset to zero.
OK – now that you are in the know – here is the pulse of the DOM in the Mid Atlantic real estate market (Virginia, Maryland and DC). Want to know your specific zip code? Comment below and let us know – your wish is our command.
Looking for your dream house? Call us at Ask Gina & Company today to get started! 703-574-3478
In the meantime – check out these homes for sale in Potomac Falls. 20165 has some wonderful homes up for grabs! Eye candy for the HGTV lover in you.
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