dom: MLS changes CDOM rule to properly reflect how long it takes to sell a property - 05/04/11 11:07 AM
The Bay Area Real Estate Information System (BAREIS), our MLS in Sonoma and surrounding Counties, has changed the Cumulative Days On Market (CDOM) rule at the request of several Brokers.
The current rule states a property must be off the market (Expired or Withdrawn/Canceled) for at least 30 days before the CDOM counter will reset to zero. This seemed perfectly reasonable at first, but apparently too many agents have been "gaming" the system to make their listing look brand new.
I've been watching one particular property that has been on the market for 1,163 days, yet the MLS says it has … (47 comments)