Based on member feedback, the required number of days a property must be off-market in order to reset the Cumulative Days on Market (CDOM) has been reduced from 180 days to 90 days.
This adjustment reflects current market conditions, provides more flexibility for listing strategies and continues to support transparency and consistency in the MLS.
What This Means For You:
- Improved Market Responsiveness: Listings can adapt more quickly to pricing strategies and buyer demand.
- Greater Flexibility: Sellers and agents no longer need to wait six months before a reset—90 days allows for reintroducing properties sooner.
- Enhanced Marketing Opportunities: Reposition listings faster with refreshed photos, pricing, or strategy to maintain buyer interest.
- Better Reflection of Listing Activity: A shorter reset provides a more accurate view of current market exposure.
- Alignment with Member Feedback: This change was driven by your input.
We appreciate your continued feedback as we adapt MLS policies to best serve our members and their clients. Click here to read more on MLS Policies and Procedures.
If you have questions or need assistance, please contact the LERA MLS team at 210-530-8760 or email us at MLSinfo@leramls.com.