I used to practice real estate and I never had a deal where a realtor would permit this to happen. Usually there is either major pressure on the seller for a price reduction and then they would re-set the clock, or the house actually would come off the market for a while and when it was put back on the clock would start again. Or the seller would switch realtors upon expiration of the listing. Houses that have no traffic typically come off the market from the time of the fall holidays to the beginning of the new year. I really don't know what would be done if a realtor actually allowed a house to sit 410 days on the market. I'll ask some of my realtor contacts.
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Original Message:
Sent: 12-09-2016 13:24
From: David Perry Davis
Subject: Resetting "days on market" for MLS?
Does anyone know how long a house has to be off the market to "reset the clock" on MLS? (I.e., so instead of saying "house on market for 410 days", which can drag price down, when does it reset)?
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