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While it's true that the most recent listing numbers start with 219, do keep in mind that that number only applies to THAT listing. The house could have been on the market for much much longer but with another agent.
For instance the Joneses put their house on the market in Sept 2008 and gave a 3-month listing to Mary Smith. Let's say that the MLS number for that listing began with 213 (hypothetically). That listing expired without a sale and instead of renewing the listing with Mary Smith they went to another realtor and listed it in January with John White; that "new" listing number began with (hypothetically again) 215. Again that listing expired with no sale and the Joneses played Musical Realtors once again, this time listing it in May with Jane Doe; this time around the MLS number was 218something or even (if they decided to wait till now) 219something.
A new buyer would see that 218 or 219 number and assume this was a relatively new house to the market but that would not really be the case; the Jones house has actually been on the market for 9 months, under three different MLS numbers.
We've also heard that some listing agents will deliberately end a listing when the seller lowers the listing price and re-list it "fresh" so as to get a "new to market" listing number instead of keeping the original listing number with merely a price change. IMHO this is deceptive but I don't know if there is a firm MLS rule against it or not.
Please pardon the interruption, but I did not click "Instant email notification" when I posted my comment on this thread, and I know of no other way of doing so when the "edit" option has timed out.
I personally would prefer that the default was "Instant email notification" and not, as is the case, "Do not subscribe".
Please pardon the interruption, but I did not click "Instant email notification" when I posted my comment on this thread, and I know of no other way of doing so when the "edit" option has timed out.
I personally would prefer that the default was "Instant email notification" and not, as is the case, "Do not subscribe".
No idea what your saying, but all I can off is: "crack kills".
The numbers turn over much faster than that. I'm sure Tom or Elke could be more specific, but from what we have seen from being in the market for about a year, I'd say that the 217 listing numbers were from about 3 months ago, maybe four for the earliest ones.
I think the numbers got to 219 only within the last 30 days, perhaps even less.
IMO six months would more likely be something like 214 or perhaps even late 213. There's always a bit of a slowdown in new listings during Nov and December too. My guess would be that something still on the market from last summer would probably be a 211 or 212 ... but honestly it's more likely that after that much time with no takers, the sellers switched realtors as in my hypothetical example above.
IMHO any sellers who would let their house sit on the market for a year under the same listing are either not really serious about selling OR the house has serious issues and they know it. In either case they are just sitting there waiting for that one in a million sucker, er, ahem, sorry, "perfect buyer"
We've also heard that some listing agents will deliberately end a listing when the seller lowers the listing price and re-list it "fresh" so as to get a "new to market" listing number instead of keeping the original listing number with merely a price change. IMHO this is deceptive but I don't know if there is a firm MLS rule against it or not.
There is an MLS rule against that and they have been becoming more agressive in enforcing it.
If you want to know how long the house has been on the market - Private message me the MLSLI number and I will look it up for you.
I will too, thanks!
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