Now and then throughout the year, you'll see a listing pop up as "new," and you'll know that it just ain't so.
MBC readers are, by and large, the types who pay attention. So we know you have that reaction.
Now, here on the site, we've added a nifty new feature to MB Confidential that will help you see…
Now and then throughout the year, you'll see a listing pop up as "new," and you'll know that it just ain't so.
MBC readers are, by and large, the types who pay attention. So we know you have that reaction.
Now, here on the site, we've added a nifty new feature to MB Confidential that will help you see the truth through bogus re-lists. If your instinct says, "That's not new," you can easily check it out.
As you see in the image above, we now display the "Combined DOM" right under the standard Days on Market figure for every listing. (We highlighted it in blue here to make it stand out; normally it's plain text.)
Even when a seller and agent pull a bogus re-list, you'll be able to see the true Days on Market here. (In a bogus re-list, the MLS listing is canceled but the property is put right back on the market. It looks "new" and gets a fresh DOM count and new MLS ID #, then it starts getting sent around in email alerts, etc., even though it's not really new.)
Think of the Combined DOM as a true measure of how much hair a house has on it.
True story: This "CDOM" figure – sometimes pronounced by agents as SEE-domm – was unavailable for websites like MB Confidential for years. It was prohibited from the feed of data that goes out to sites like this one.
CDOM was a figure that only agents could see. So realtors could advise clients about what they knew, but unaffiliated consumers didn't have access to that data prior to hiring or working intimately with an agent.
A progressive leader within the local realtors' association was pretty bothered about that. She felt the CDOM figure should be on public websites. Over the Summer, along with Dave and a few others, she geared up to approach MLS authorities to legalize CDOM on real estate websites.
But the climax here was an anticlimax. On our first inquiry to the MLS authorities, we learned: It's already legal! CDOM had been quietly added to the data feed fields that were permissible for public websites like MBC. It's just that nobody really knew or was using it.
We won a victory without firing a shot!
Kudos to the MLS folks for sharing the basic goal of getting more info to the public.
After a little work under the hood here at MBC, we got the CDOM field to show up and work properly. You can now "see" the CDOM. With that, we took one more little step toward data transparency for this market.
You may not see a lot more bogus re-lists in the next couple of months. Listings will quit or go "on hold" for the holidays, and inventory will dwindle. But those that do hang around for November-December will be at a high risk of re-listing in the New Year if they haven't sold.
You, however, won't be at a high risk of falling for the trick.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 18th, 2024 at 6:15pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.