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Days on What Market?

Jul 14, 2007 Michael Wurzer

SoCalMLS, one of the largest MLSs in the country, announced today that it was removing days on market numbers from public/client reports. The data will still be on the agent reports, along with links to the detailed history, which “gives you a much more precise overview of what transpired for a particular listing.” This approach of focusing on the detailed history is basically the same suggestion I made a month or so ago, because there are simply too many different ways to interpret the data. Instead of taking away data from the consumer report, I would suggest adding more details from the history to inform the days on market or allow the consumer to judge for themselves.