I have a question. We took our house off the market at the beginning of August 2006.

We'd like to put it back on the market, but we want it to show as a "New" listing on the MLS. How much time has to elapse before it shows on the MLS as a new listing again? Thanks so much for any help.

It will show up as a new listing immediately. There is no set amount of time.

However most MLSs' have a "Property history" funciton of some sort and by usually putting in the property address all the prior listings will be available.

Having said that a well priced home in as close to 'move in' condition as you can possibly make it will still sell quickly for a good price no matter what.

It depends where you live. Our MLS just required the listing to show how long it has been on the market regardless of whether it had been taken off and put back on. Why do you want it to say "new"? I'm guessing so that it doesn't look as if it's been listed for a real long time? Most of us agents are pretty familiar with the inventory so if it's on and off and on and off that isn't a good sign, IMO. You know how some things show a buyer isn't serious? Having it go on and off doesn't show a serious seller.

In our MLS it will not show DOM (days on market) or CDOM (cumulative days on market) after it's been out of the MLS for 30 days, however, as was mentioned above by Jim, the listing period(s) will be shown in the property history file.
Personally, I would not place any value of that information to a buyer.

I think it depends on the individual MLS system I belong to several and they're different. One will still show CDOM unless it was xpired and goes totally out of the system. Another will knock it out if it goes withdrawn and you start over.

So I'd say the answer is: *it depends . . .*

Have to disagree... how many days on market the subject property has is often critical information. It is one that lenders will usually require on any appraisal or BPO.

It shows not only how the house compliers to similar properties but how realistic the sellers are. Unrealistic sellers typically do not change stripes until it is too late... such as finding themselves in foreclosure or some situation similar. Many are under the mis-impression that the market will bounce back in a short time. Depending on what the property type is and what the market is in an area it may or may not bounce back but in most areas it is a slow process.

Any smart buyer would demand that information and an evaluation from their agent as to why it was on the market multiple times.

This is why it is critical for agents to make sure their clients know what the impact of overpricing a property is. And agents also need to understand that attempting to "buy" a listing with an excessively high list price will usually result in only an angry seller.

In most MLS systems... it is also possible to determine how long a specific agents DOM's are compares to the overall market and ratios on sale prices vs initial list prices. How many agents would want their clients to have that information???

When doing a CMA on our MLS, all that info. will be shown, including DOM's and CDOM's, with the exception as stated above.
Since the seller “took the house off the market” for unknown reasons, I would not speculate as a buyer to know the sellers motivation for that action and probably would not be able to find out, unless the seller discloses it.
I’m sure the seller will come up with an appropriate response that does not disclose the motivation to take the house off the market.

Hello! This is my first post....

Okay being a member of our MLS committee we have set the requirements for a listing to appear as a "new listing" to be OM for 30 days. I have found that buyers stigmatize a house that if a house has been on the market too long there must be something wrong with it. I have had sellers request that a property be taken OM for 30 days when they have done a major improvement and wish to raise the price so that the original price does not show lower than current asking price. We do not have CDOM in our MLS.

In our MLS system the days on morket only shows under a property hidtory report and that is available only to agents. It shows the MLS history on the property for about the last 10 years.

If your in the MLS system that covers pretty much all the homes from San Francisco, CA down to Montere,CA - the home has to be off the market for 30 days in order for it to be a "New" listing.

This is all related to the practice of "Re-Listing" which is causing some trouble in a few areas.

R

Looking at my neighborhood around here, I've noticed that many homes had been taken off the market toward the end of last year. Many I'm sure, took their homes off the market because it wouldn't sell due to lack of buyers, price, weather etc., and to put it back on the market in the new year hoping for a turnaround.
Others probably had company over the holidays and did not want to be bothered with showings.

Obviously there is a lot of variation from one MLS to another as to how the history is displayed. In the MLS systems that I am familiar with any prior history included in new listing Days on Market is based on tax map number. I've known of some agents that will add or drop a "0" in the tax map number just to assure it gets a fresh start on the marketing time count.

Worried First-Timer:
Each MLS can set its own rules. Phone your local MLS office and ask them. I'm sure they will tell you even though you are not a realtor. Their rules might even be posted online.

The Days On Market count plays into people's perception of properties but it is not the be-all end-all of analysis. The fundamental question any potential buyer wants to know and any realtors looking for properties for buyers want to know is: Is this property worth its listed price? I've had prospective buyers hesitate to make an offer on a property with a high DOM count, only to kick themselves silly when it went under contract to someone else who recognized the value of the property.

Just make sure your property is "priced to sell" the next time you do list it.

In CT, each "new" listing has its own MLS#...in and of itself...

You can locate prior listing/sales data in the relevant "history"... (as stated by others, above)...

I find it intriguing that there are other areas (MLS) that continue with the same MLS data???

Must say that this is foreign to me...and I can not comment...