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Resetting "days on market" for MLS?

  • 1.  Resetting "days on market" for MLS?

    Posted 12-09-2016 02:57 PM

    Dave,

    Per a realtor I know in Mercer County (if you need her information, let me know):

    Typically a home has to be off the market for 30 days. However many of the MLS like Trend use something called PMP which is Property Market Period, which shows the total amount of time a property has been listed. This gives a more accurate picture of how long the home's been on the market.

     


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    Misty A. Velasques Avallone, Esq.

     

    t 609.683.7400   f 609.921.8982

    e [email protected]   w www.hananisaacs.com

    4499 Route 27, Kingston NJ

    From: David Perry Davis via New Jersey State Bar Association [mailto:[email protected]]
    Sent: Friday, December 09, 2016 1:28 PM
    To: [email protected]
    Subject: Family Law : 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"...

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    Resetting "days on market" for MLS?

    Dec 9, 2016 1:28 PM

    David Perry Davis, Esq


    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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    David Perry Davis, Esq.
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