What is DOM?
DOM stands for days on the market, how long a property is on the market. It generally is between the day the property is listed and the day it becomes off market (for example, when it becomes pended).

How do you calculate the Average Price per Sqft?
Average Price per Sqft is the average of sold price divided by square footage of sold listings.

You Should Know
The garage area is not included in the square footage price calculation.
Individual listings in the MLS system without square foot information are excluded in the average square foot price calculation.

What Does Average Price For Sale & Sold graph mean?
Average Price For Sale is the average of list price of the properties for sale in a particular month. Average Price Sold is the average of sold price of the properties sold in a particular month. Average Price For Sale and Average Price Sold line charts in a graph portrays the relationship between on and off market pricing.

About the Months of Inventory Report

MOI based on Closed Sales = the number of properties for sale divided by the number of properties sold.

As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer's market.