"Metropolitan Regional Information Systems, which manages a database for 60,000 real estate professionals in the Washington area and parts of West Virginia and Pennsylvania, is changing an element of its ‘days on market' listing for homes. It involves decreasing from 180 to 90 the number of days a property is required to be off the market before MRIS resets that number to zero when it gets back on an active listing for ‘days on market." In short, it makes it look like homes that have been lagging on the market for several months haven't been out there that long, said Stephen Israel, president of Buyer's Edge, a Bethesda real estate firm that only represents homebuyers, not sellers." (Thursday, February 14, 2008 Home listing change irks some real estate agents Washington Business Journal - by Joe Coombs Senior Staff Reporter)
Here in the Gallatin Valley of Montana, like in the Philadelphia, PA area, homes may be relisted be a real estate agent as soon as 30-days have elapsed. Sellers in Minneapolis, MN must wait 365 days!
- What is the time frame in your market?
- What would a good figure be for the United States as a whole?
- Should there be a national figure?
giving you the advantage...®
Taunya Fagan Bozeman Real Estate 406.579.9683 firstname.lastname@example.org