Last week I mentioned the addition of the CDOM (cumulative days on market) field coming soon (September 2007) to listings in our MLS.  Keeping the improvements coming, this week the powers that be announced that effective September 1, 2007 “A listing that has been in any off-market status (expired, withdrawn or temporarily off the market) and is being activated by the same company or firm in less than 30 days of the off-market-date of the most recent MLS must be updated to the “Back on Market” (BOMK) status.” […rather than with a status of “New”.]
This means that agents no longer will be allowed to remove their “stale” listings from the MLS and then immediately re-list them simply to obtain a status update of “New” on those listings.

This new Property Re-List Policy went on to say that, “A listing that has been in an off-market status (expired or withdrawn) may be re-entered as a “new” listing [only] if it has been off of the market for at least 30 days.

These are definitely changes for the better.  Why the change to the rules?  According to the new policy, “to enhance the accuracy of the statistical information generated through the system, and; to increase the accuracy of the data base for all members.”  …And I know you guys have got to like that.