mls dom vs actual dom: MLS Days on Market vs Reality
- 10/23/07 05:48 AM
During a class by Roger Turcott at the New Hampshire Association of REALTORS he made a point I have had an issue with for a long time. His rule is the Days on Market are from the last price reduction to contract but our MLS states the list price at time of close as the last reduced price. This is so rarely the real case. Reporting this way seems so unrealistic and a further challenge for appraisers. Since I can't leave a stone like that unturned and since we had all been telling people DOM had increased significantly I ran some … (2 comments)
During a class by Roger Turcott at the New Hampshire Association of REALTORS he made a point I have had an issue with for a long time. His rule is the Days on Market are from the last price reduction to contract but our MLS states the list price at time of close as the last reduced price. This is so rarely the real case. Reporting this way seems so unrealistic and a further challenge for appraisers. Since I can't leave a stone like that unturned and since we had all been telling people DOM had increased significantly I ran some … (2 comments)
;)
;)
