The Tulsa Multiple Listing Service has recently included a new calculation for member Realtors to access to track the number of days it takes a property to sell. Previously, the reported market time to sell a listing was the number of days the property was listed with a single listing. Under the new method of reporting, cumulative days are noted so a property listed with three brokers totaling 465 days before it sells will accurately reflect this data. Using the new cumulative days field makes it possible for skilled real estate brokers to have a full understanding of the total market time and absorption rate. Without this complete data, Realtors are left to conjecture while advising their home seller clients.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment