MLS.ca listings question

[urban1]

I view MLS listings through my agents website. Ive been keeping my eye on a few neighbourhoods where were interested in potentially buying a house.

Theres houses that have been on the market for ages yet keep getting their "Days on market" reset to zero.

Is there a rule about how it works in terms of taking a house of the market today and putting it back on the market the next so that these day count is reset? Is it the expiry of the listing agreement with the agent and then resigning it that resets the days?

This could be very misleading. Theres many homes Ive had my eye on that have been "on the market" for maybe a year yet the day count keeps going back to zero after a month or two.

If someone starts looking to buy a house today, they would think this house was just listed. This would also affect the average days on the market before being sold numbers that MLS compiles, bringing it down significantly.

Do agents have anyway of tracking how many times a home has been on and off the market? Or can someone explain why the day count is reseting?

[4X4]

Originally Posted by urban1

Do agents have anyway of tracking how many times a home has been on and off the market? Or can someone explain why the day count is reseting?

Yes. Agents have access to databases that show every time a property has been listed, for how long it was listed and the circumstances under which the status changed.

Chances are that the reason you're seeing the DOM reset to zero is because of price change.

[MelBridgeman]

Properties have an expiration date on them.
So a property may have an active status for 90 days (standard) if it is not sold the status is changed to Expired and can be relisted for another 90 days

[Incinerator]

Originally Posted by urban1

If someone starts looking to buy a house today, they would think this house was just listed.

I don't think that's a real concern...any Realtor worth their salt would throughly check out a property's marketing history and write the offers accordingly.

[urban1]

Interesting.

I dont think its for price changes as those are usually identified as such.

Im guessing its an expiration of the contract. I dont think it would make a difference once it got to the offer stage but when browsing listings it can be decieving at first glance.

Thanks for the above responses.