I need some help with this concept please.
Apparently in some parts of the country I've been told, it's a common practice to "refresh" an old listing by either withdrawing it from sale or letting it expire and then re-list it, for the sole purpose of getting a new MLS numbers assigned to that listing and to start the "days on market" counter over again from "0".
Personally I find that practice inherently dishonest to deliberately distort your MLS statistics in that way for whatever reason you may have.
One licensee even went so far as to say that if your MLS allowed this practice and it served your seller YOU would be the one in the wrong if you did not do it.
I know in our MLS it's pretty simple to do a "property history" search and not only find out the true days on the market but also any price reductions and when they occurred.
I sure hope my local supermarket doesn't start "refreshing" their packages of chicken breasts when they expire and put them in a new package with a new expiration date.