Cumulative Days on Market Explained
Cumulative Days on Market is a representation of how long with the property has been actively marketed.
The main difference between Days on Market and Cumulative Days on Market is that Cumulative Days on
Market represents active marketing through not only of the property’s current listing, but through other,
recent listings of the property as well. Days on Market, on the other hand, only represents the time
the property has been marketed under its current listing.
Prior to the local Realtor Association using the term Cumulative Days of Market, Realtors and
homebuyers in the Charlotte region would sometimes focus solely on a property’s Days on Market.
The problem with Days on Market displays was that sellers could allow their property listing to
expire and then re-list, and their Days on Market would go back to zero. This could make a listing
that had been on the market for a long time appear to be a completely new listing.
Since the change in terminology, when a new listing is entered, the Cumulative Days on Market
only resets to zero if one of the following two actions occurs:
A) The previous listing closes (i.e., is sold).
B) The previous listing is off market (expired or withdrawn) for more than 90 days.
It should also be noted that Cumulative Days on Market typically do not accrue when a property
is not being actively marketed – i.e., when the seller is not accepting showings on their property.