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ALERT: Days on Market (DOM) Accruals Suspended

In light of the Shelter in Place (SIP) order, the MLSListings Board of Directors approved a policy to suspend the accrual of days on market (DOM) on all listings from March 17, 2020 until the SIP order is rescinded. The MLSListings Engineering team is working diligently on implementing this change and it will be reflected online by the end of the week (3/27/2020).

Specifically, this means that:

  • All Active listings will stop accruing DOM effective March 17, 2020.
  • Any DOM accrued prior to March 17, 2020 will remain with the property. For example,

           ○ A property listed on 3/1/20 would show 16 DOM and will not increment until the SIP order is lifted. If the order is lifted on 4/7/20, then on 4/8/20 it will show 17 DOM.

           ○ A property listed on or after 3/17/20 will show 0 DOM. If the order is lifted on 4/7/20, then on 4/8/20 it will show 1 DOM.

           ○ If a listing is Cancelled, it will show only DOM accrued through 3/17/20.

  • All Withdrawn listings (which do not accrue DOM) after 3/1/2020 will be marked as New in Matrix only, when returned to Active.

Note: Downstream services like Redfin and Zillow will generally keep calculating “days on site”, which is their practice. Also, as of 3/25/2020, Matrix, Paragon, and Cloud MLX are similarly displaying Days On Market calculated with adjustments for SIP.

Rest assured that not only is the MLSListings system up and running, the company is now 100% remote and completely available to serve and support you. We are ready to respond to any of your questions or concerns as always, by phone, email, or chat. Please feel free to contact us anytime.

 

 

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