coming soon, accurate days on market figures

In the past I've written about the difficulty of calculating the DOM, days on market figures when showing statistics for a large number of homes that have sold. It's difficult because every time a home gets
re-listed, and many do these days, the DOM figure re-sets to 0.
Let's say a house has been listed for 96 days and hasn't sold. And the listing agent withdraws that listing and re-lists the house 2 minutes later. The DOM figure re-sets to 0. If that house now sells in 11 days, the DOM figure in the statistics will show up as 11 days, instead of 107 days, which of course is what it really is. And when you're trying to calculate DOM for hundreds of homes that have sold, going through each listing and counting up the days individually is too daunting/tedious/insane of a task.

I wrote,
'....Unfortunately TARMLS has not seen fit to devise a system that shows both cumulative days on market & current days on market.
And isn't having accurate DOM stats a key component to a better understanding of what's going on in this market, for Realtors®, for buyers and for sellers...'

Well I hope somebody up there heard me, but whether they did or not, the Tucson Association of Realtors® just made the following announcement.
CDOM IS Coming!
Scheduled to be released May 5th, 2008, CDOM (Cumulative Days On Market) will be included in the information available on the Tucson MLS. CDOM is defined as 'The number of days that a property has been on the market without a 30 day break regardless of any change of agent or brokerage'. This information will be displayed on the grid view, Agent Detail Report, and CMA. Where DOM was displayed on those reports, the new field will be DOM/CDOM.

This is a good very thing for everyone.
Congratulations to the Tucson Association of Realtors for making this change.

see my web site thefoothillsToday.com
to search for and learn more about Tucson Foothills Homes