Frequently Asked Questions:

• What is the difference between DOM-M and DOM-P?

  Both of these terms are types of Days on the Market.

  DOM-M stands for Days on the Market- MLS. Or the number of days this exact MLS listing has been on the market (not the home, but the MLS#).

  DOM-P stands for Days on the Market- Property. So regardless of the number of different Realtors, it shows the number of days the property has been for sale.

  Sometimes a property might be 85 days with one Realtor, and then 10 days with another. That would show up as: DOMP/DOMM= 95/10 For more on how some Realtors will try to fudge this data to make a listing look brand new, read this.

• What is the "Original Price?"

  This is the starting price for this MLS listing (or DOMM). This is kind of confusing, and misleading (I didn't make the system) but a home can be relisted 3 or 4 times. The "Original Price" in our system can only see the starting price for THIS exact MLS listing. So if it was listed 100 days ago by another Realtor for $50,000 higher, that will not show up here. But if 1 Realtor has it for $300,000 and then 30 days later that say listing is dropped to $285,000, the "Original Price" will come up as $300,000 and the List Price (or Asking Price) will be $285,000.

  More in DOMM and DOMP data fudging.

  Please let me know if that doesn't clear things up.

  Frank

  p.s. I'll have a blog coming up soon at Blog.FranklyRealty.com about DOMM and DOMP, so sign up.