http://realestate-chocolate.com/2008/03/24/how-some-officially-reported-data-is-misleading-and-why-you-need-to-know-the-truth/ Fairfield County\'s Must Read Real Estate Blog... Smart, Honest, Delicious Thu, 04 Feb 2010 05:29:03 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://realestate-chocolate.com/2008/03/24/how-some-officially-reported-data-is-misleading-and-why-you-need-to-know-the-truth/comment-page-1/#comment-76 Gretchen - LifeStyle Denver Sat, 29 Mar 2008 23:18:01 +0000 http://www.realestate-chocolate.com/2008/03/24/how-some-officially-reported-data-is-misleading-and-why-you-need-to-know-the-truth/#comment-76 It is always interesting for me to see how MLS data is reported in other markets. It makes a compelling argument for a more national type database. In the Denver area MLS, they changed the DOM reporting a couple of years ago. We were experiencing the same problems you are with inaccurate reporting. Now, we have two fields: DOM and TOTAL DOM. That way, if the property has been relisted with a new broker, the TOTAL DOM is still counting. There are still ways to game the system - like take the property out of MLS for 30 days, but it's a more accurate method of reporting than it used to be. It is always interesting for me to see how MLS data is reported in other markets. It makes a compelling argument for a more national type database. In the Denver area MLS, they changed the DOM
reporting a couple of years ago. We were experiencing the same problems you are with inaccurate reporting. Now, we have two fields: DOM and TOTAL DOM. That way, if the property has been relisted with
a new broker, the TOTAL DOM is still counting. There are still ways to game the system – like take the property out of MLS for 30 days, but it’s a more accurate method of reporting than it used to be.

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