Introduction:
In the dynamic realm of real estate, staying ahead of market dynamics is crucial, and understanding how to manage the Days on Market (DOM) for your MLS listing can significantly impact its visibility and appeal. At Listed Simply, we guide you through the strategic process of resetting the DOM, ensuring your property remains fresh and attractive to potential buyers.
Why Resetting Days on Market Matters:
As time progresses, a listing's DOM can influence buyer perceptions. To strategically navigate this, consider canceling your listing and submitting a new one. This process typically resets the DOM on the MLS and provides you with a new MLS listing number. Many prominent websites prioritize the newest listings, making this strategy a valuable tool in reinvigorating interest in your property.
Understanding DOM and CDOM:
DOM (Days on Market): The number of days the current listing number has been on the market.
CDOM (Cumulative Days on Market): The total number of days the parcel number has been on the market, considering multiple listings.
Resetting Days on Market: MLS-Specific Guidelines:
The MLS understands the starategy of sellers looking to reset their days on market. To avoid everyone from cancelling their listing and re-listing it the next day to reset the days on market, each MLS makes you wait a certain number of days off market before going back on market with a fresh ZERO days on MLS.
Arizona Regional MLS
DOM (known as Agent Days on Market ADOM): 45 days
CDOM: 45 days
Austin MLS
DOM (known as Actual Days on Market ADOM): Immediately
CDOM: 91 days
Bakersfield MLS
DOM: Immediately
CDOM: 31 days
BAREIS MLS
DOM: 11 days (note that a listing cannot be immediately relisted, we must wait 11 days to relist)
CDOM: 91 days
Bay County (Michigan) MLS
See MiRealSource MLS
BridgeMLS
DOM: 31 days
CDOM: 31 days
Reference: https://www.bridgemls.com/mls-rules
Bright MLS
DOM: Immediately
CDOM: 61 days
California Regional MLS (CRMLS)
DOM: Immediately
CDOM: 91 days
Canopy (Carolina) MLS
DOM: Immediately
CDOM: 91 days
Central Virginia MLS
DOM: Immediately
CDOM: Immediately
Reference: https://resourcecenter.cvrmls.com/
Clare-Gladwin MLS
See MiRealSource MLS
Columbus MLS
DOM: Immediately (see important NOTE below).
CDOM: 32 days
NOTE: Creating a new listing prior to 30 days from an cancelled/expired/withdrawn listing from the same office to make it appear as new is a listing manipulation subject to a $500 fine. https://www.columbusrealtors.com/clientuploads/Forms_Directory/mlspolicyviolationmanualcurrent.pdf
Emerald Coast MLS
DOM: Immediately
CDOM: 90 days
Florida Keys MLS
DOM: 31 days (MLS will fine if we relist the same property within 30 days)
CDOM: 61 days
Georgia MLS
DOM: Immediately
CDOM: N/A - this MLS does not use this metric
Greater Lansing MLS
See MiRealSource MLS
Humboldt County MLS
Listings must be off the market for 30 days before a new listing can be put back in the MLS; if listing is reactivated within 30 days it will appear as āBack on Marketā.
Knoxville MLS
You have to wait 31 days to relist a canceled listing.
DOM: 31 days
CDOM: N/A
Memphis MLS
No listing shall be re-listed as a new listing within 30 days of being withdrawn-released by the same agency.
MetroList MLS
DOM: Immediately
CDOM: 31 days
Miami MLS
DOM: Immediately
CDOM: 120 days
Michigan Regional Information Center (MichRIC) MLS
See MiRealSource MLS
Midwest Real Estate Data (MRED) MLS
DOM (known as Listing Market Time): Immediately
CDOM (known as Market Time): 90 days
MiRealSource MLS
DOM: Immediately, but you must wait 48 hours after cancelling a listing to submit a new listing.
CDOM:
MLS Listings MLS
DOM: 31 days
CDOM: N/A
MLS Now
DOM: Immediately
CDOM: 45 days
MLS of Southern Arizona
DOM: 7 days (Listings canceled or withdrawn and relisted by the same agent or team in less than 7 days will be charged a relist fee of $30 as of 2023).
CDOM: 30 days
North Carolina Regional MLS
DOM: Immediately
CDOM: 31 days
Northeast Florida MLS
See realMLS
Northwest MLS
DOM: Immediately
CDOM: 90 days
Important: Cancellation of a listing and relisting is only permitted when there has been a substantial change in the price of the property; provided, however, in order to cancel and relist, a price increase must be greater than 5% of the highest price of the listing and a price decrease must be greater than 5% of the lowest price of the listing.
Northern Great Lakes MLS
See MiRealSource MLS
North Texas Real Estate Information Services (NTREIS)
DOM: Immediately
CDOM: 30 days
OneKey MLS
DOM: 60 Days
CDOM: N/A
Pensacola MLS
DOM: A listing must be off market for 30 days to get a new MLS number and for the days on market (DOM) to start at zero.
CDOM: A listing must be off ma for 30 days to get a new MLS number and for the continuous days on market (CDOM) to start at zero.
RealComp MLS
See MiRealSource MLS
RealMLS
DOM: Immediately
CDOM: 31 days
Reference: https://www.realmls.com/faqs/
REALTORSĀ® Association of Northeast Wisconsin MLS (RANW)
DOM: Immediately, but the MLS requires the current listing expiration date be updated to today (not withdrawn/cancelled).
RealTracs MLS
DOM: The MLS charges a $25 fine for relisting within 5 days of cancelling a listing. If you wait for the 6th day, the DOM will reset to 0.
CDOM: This MLS does not use CDOM.
REIN MLS
Re-list Within 60 Days of List Date by Same Agent/Same Firm is subject to a fine.
Reference: https://reinmls-live.s3.amazonaws.com/trng_listing_input_handbook.pdf (rules being updated as of Oct 1, 2022)
We would have to wait 60 days to create a new listing. We can reactivate a listing that was previously Withdrawn (Cancelled) if it has been less than 60 days since Withdrawal.
San Diego MLS
See CRMLS
San Francisco MLS
See Bridge MLS
Santa Barbara MLS
DOM: Immediately
CDOM: 90
Space Coast MLS
DOM: 31 days
CDOM: 31 days
Stellar MLS
DOM: Immediately (see important NOTE below).
CDOM: 31 days
NOTE: Creating a new listing prior to 30 days from an expired/withdrawn listing from the same
office to make it appear as new is a listing manipulation subject to a $500 fine. https://www.stellarmls.com/api/document/preview/4983
Southern Missouri MLS
DOM: Immediately
CDOM: 60 days
Rules: https://gsbor.com/mls/
Southwest Florida
DOM: Immediately
CDOM: 31 days
Triad MLS
DOM: Immediately
CDOM: 90 days
Triangle MLS
DOM: Immediately
CDOM: 30 days
Upper Peninsula MLS
See MiRealSource MLS
Conclusion:
At Listed Simply, we empower sellers with strategic insights to enhance their property's appeal. Understanding how to reset Days on Market is a valuable tool in staying competitive. While the process involves a listing fee, the benefits of a fresh MLS number and potential DOM reset can significantly impact buyer interest. Stay ahead in the real estate game by strategically managing the Days on Market for your MLS listing.