Washington MLS Changes Time For New Listings
February 25th, 2008 • Related • Filed Under
The time that a home has to be off the market for it to be a new listing has been cut in half in Washington DC. Having a home appear newly listed is a benefit to the seller as they do not seem nearly as desperate as someone whose home has been for sale for a long period of time.
Metropolitan Regional Information Systems, the Washington area’s multiple-listing service for real estate, made a rule change that allows sellers to withdraw their home from the market for 90 days, then put it back on as a new listing. Previously, the wait was 180 days. via WashBiz Blog.
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