What does ADOM mean in UNCLASSIFIED

What Is ADOM?

Actual Days On Market (ADOM) is an important metric that gives an indication of how quickly a property was able to find its buyer. It's calculated by taking the day when a ‘For Sale' sign went up at the property minus the day it exchanged contracts with new owners. This figure reflects exactly how many days have passed between those two points and excludes any period when the house was temporarily off the market due to holiday restrictions or other marketplace activity.

By looking at this statistic, one can gain insight into a range of things from local economics conditions (e.g., whether prices are rising or falling, if demand has been increasing or decreasing) and get an idea about their chances in negotiations. For instance, if most properties in their desired area are taking more than 4-5 months to be traded, they may have room to negotiate and get a better deal than initially expected. On the other hand, if properties around them are being bought quickly — within 3-4 weeks — then they might need to proceed with more caution and be prepared to pay closer asking prices as they won't have as much bargaining power available.

How Is ADOM Used?

ADOM can also give potential buyers further insights into why particular homes were sold in such short or protracted timespans. For example, if high quality and well-priced houses remain on the market for longer than expected there may be underlying issues such as structural damage not visible on first inspection that would cause buyers to shy away from making an offer; conversely fast sales could point towards quick turnover or even flippers snatching up deals before anyone else can get there first! Knowledge like this could prove invaluable for prospective buyers so should always be taken into account when choosing which property purchase is right for them.

Real estate agents who work with these metrics often factor Actual Days on Market into their strategies for pricing a certain property competitively or suggesting marketing activities that could help move a sluggish sale along faster such as professional pictures, staging furniture or discounted rates during certain times of year. All these techniques could help reduce ADOM helping sellers reach their target audience quicker and efficiently without wasting too much money outside of their budget constraints all while staying competitive against similar listings in the same zone.