Andrea Brambila for Inman News – MLSs roll back rule and status changes to pre-pandemic norm
“Only two of 30 MLSs who responded to Inman’s inquiries chose to outright pause days on market for Active listings, though about half chose to adjust the rules for listings in other statuses that do not accrue days on market and which proved to be more popular during the early days of shelter-in-place orders. Now that lockdown restrictions have eased in many places nationwide, many, though not all, of those rule changes have gone back to their pre-pandemic normal. The 30 MLSs represent nearly 900,000 agent, broker and appraiser subscribers nationwide.”
Who loves 2,500 words about the intricacies of MLS organizations discussing days on market? This guy!
Setting aside its 2020 and we still can’t agree on what Day On Market actually means this article gives a great overview of the regional responses MLS organizations took to the onset of the global pandemic.