Taunya Fagan Bozeman Real Estate Blog: SW Montana Information & Listings

How Long Should a Property Remain off the MLS Before it's Allowed Back on at Zero?

"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!

  1. What is the time frame in your market?
  2. What would a good figure be for the United States as a whole?
  3. Should there be a national figure?



giving you the advantage...®

Taunya Fagan Bozeman Real Estate   406.579.9683   taunya.fagan@prumt.com

Bozeman Montana Real Estate    Big Sky Montana Real Estate

Belgrade Montana Real Estate     Livingston Montana Real Estate

Taunya Fagan Prudential Montana Real Estate Banner

Comment balloon 2 commentsTaunya Fagan • February 15 2008 01:42PM
How Long Should a Property Remain off the MLS Before it's Allowed…
" 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… more
Let the Economy Experience Some Tremors…
Although the increasing tremors of recession and economic instability have been agitating the national landscape, Bozeman and southwest Montana have experienced only minor trepidation; the landscape here remained pretty steady during the tremulous… more
Growth in the US West is Quickly Diminishing Fertile Farm Land… What…
It is very obvious that the pace of growth in the valleys of the western United States has led to redevelopment of just above all that once was fertile farmland. What has happened? Those involved in rural land use are unable to compete in the… more
They're Suing Google About Search Results…
Monday, February 11, 2008 - Two real estate agents, Paul Castran, managing director of the real estate firm Castran Gilbert, and the company's sales director Mark Forytarz, have filed a defamation claim against Google in the Supreme Court. The two… more
Bucking National Decrease, Montana Farms Increasing
Number of Montana farms increase ( Feb 9, 2008) The U. S. Department of Agriculture (USDA) says Montana is bucking the national farming trend. According to new calculations, figures show there were more than 28, 000 farms in Montana in 2007, an… more
Real Estate Dual Agency - Price and Speed of Residential Real Estate…
"Conflict of Interest? - The Impact of Real Estate Dual Agency on the Price and Speed of Residential Real Estate Transactions" Vrinda Kadiyali, Jeffrey Prince, and Daniel H. Simon (October 2007) examined the effects of dual agency in… more
Montana Has High Rate of Entrepreneurial Activity
According to the Kauffman Index of Enterpreneurial Activity the five states with the highest rates of entrepreneurial activity in 2006 were 1) Montana (0. 60 percent) 2) Mississippi (0. 52 percent) 3) Georgia (0. 44 percent) 4… more
Amazing Middle East Real Estate Boom in Dubai - "The [new] "…
Indoor skiing and the world's tallest building are just some of the amenities of the Dubai ruler, Sheikh Mohammed bin Rashid al-Maktoum's amazing city project of 300 islands, called "The World. " (I believe 60 Minutes had a piece on this… more
How Best to Control and Use The Western United States' Land
In the Gallatin Valley, Montana, (Bozeman, MT) as is so often the case in the West, how best to manage growth is a contentious issue, pitting the rural-minded against the urban-minded, the agrarian-minded against the industrial-minded, those who… more
Skilled Workers Needed in Montana!
Montana launches online job resource-employers need skilled workers… In Gallatin County, Montana, today's employers need to teach as much as anything else. The demand for skilled workers in the Bozeman constuction industry is serious. Most… more
Is your town proactive enough on the homeless issue?
Is your town proactive enough on the homeless issue? If you believe your community could do more about its homeless but you don't know how to begin, contact Family Promise a national organization "… committed to helping low-income families… more
NAHB-Congress should make housing incentives key part of Capitol Hill…
I recommend reviewing and supporting this by calling the office of Montana's Senator, Max Baucus chairman of the Senate Finance Committee. Contact Jim Messina (202) 224-2611 (Messina is Baucus's Chief of Staff) Here is a truncated portion of… more
Google No Longer Indexes Your Keywords-True?
A good friend of my husband's informed him today that his business partner in San Francisco met with some Google afficiandos yesterday, Jaunuary 23, 2008, and was informed by them that Google will not longer index keywords. This does NOT apply to… more
She's Suing Her Agent-She Paid Too Much For Her House
Marty Ummel of CARLSBAD, CA, and millions of others believe they paid too much for the houses they bought at the top of this latest housing boom. But Ms. Ummel differs in that she's suing her agent, stating it was all his fault. According to… more
Should Gallatin County, Montana Remove Development Values Through…
The Gallatin County, Montana county commissioners contemplate Gallatin County, MT zoning as the means to manage both future and present growth. With close to an 11 percent increase in the county's population since 2000, protection of the region's… more
Top Fishing Town, Bozeman, Montana
Bozeman, MT ranks in fourth place out of the top 20 fishing towns in the U. S. according to Field and Stream Magazine. A positive aspect of Montana fishing is the 1985 Stream Access Law allowing everybody recreational access to rivers and streams… more
According to this week's The Economist (Jan. 12th-18th, 2008) magazine, pg 67: "Warning Lights, " America appears ready for the R-word: RECESSION, according to its "R-word index" formula. The Economist 's simple formula, based on… more
Hot Properties in Montana-Subdivisions Out, Premium Property In
Subdividing rural land is dead and premium property, like Montana ranches and Montana live water properties, is quickly going to those who can afford it, said Clark Wheeler, a real-estate appraiser with Norman C. Wheeler and Associates in Bozeman,… more
WEAKENING DOLLAR & DECREASING HOME PRICES: According to the Statesman. com a growing number of foreigners are purchasing a second home in the US for work and play and investment. Cities like New York and Miami have been second home meccas for… more
Now That Christmas is Over, Don't Forget the Homeless Families
Homelessness in America Now that Christmas is over, please do not forget the homeless, especially homeless families with children. In 2005 there were an estimated 98, 452 homeless families, 41% of the entire homeless population. A dearth… more