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  #1  
Old 07-06-2011, 11:29 AM
Gregory Beck's Avatar
Gregory Beck Gregory Beck is offline
 
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Default Question Re 1004mc

Quick question I have asked realtors, and on site searches to no avail

Can Anyone tell me the difference or explain

Difference between listing days on market and sales days on market

I would really appreciate it.

I am guessing the median listing days on the market comes from
the date listed to the contract or pending sale date.

But where does the median sales days on the market from?

Is it from pending sale date to closing date?
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Old 07-06-2011, 11:34 AM
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In my MLS its from the original Listing date until Contract date.
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Old 07-06-2011, 11:59 AM
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Post

I report those the same, if I'm following you.

The property has x market exposure. Count it from the day listed, to the day UC. Check that against your indicated figures to guage how the mls is reporting.

Just state not researched on top two actives dom, and report on current. That' will typically pass you through underwriting.

They're looking mostly for accurate list to sale analysis of all periods. Set that against expectation of current stock and current list to sale and you've got an informative mc form.
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  #4  
Old 07-06-2011, 12:28 PM
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Default

I may have confused people with my first post this should be clear.
The 1004MC ask 2 questions
There are 2 grids
Median Comparable Sales Days on the market
Median Comparable Listing Days on the market

Normally when I run David Braun’s AVT 1004 mc calculator it automatically places
The figures in these 2 grid columns. With the comparable sales days
always being lower than the listing days.

I know how they come up with the median listing days, obviously from the
date first listed on mls to the pending sale date? I think (listing days on market)

My Question is
Where and how do you get the Sales Days on the market. Is it from the pending sale date
to the closing date?

I talked to a good realtor friend of mine and he couldn’t explain the difference to me either.

So any help would be appreciated on this.
Thank You
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Old 07-06-2011, 12:36 PM
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The median listing days is higher because it also includes all the expired and withdrawn listings that were listed for 6 months+ (typical listing agreement around here is 6 months)
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Old 07-06-2011, 02:28 PM
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Default I agree

Quote:
Originally Posted by Mr Rex View Post
In my MLS its from the original Listing date until Contract date.
Yes I agree with you that gives us the listing days on market

but what about
sale days on the market where does that figure come from?
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  #7  
Old 07-06-2011, 02:36 PM
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It is from the time the property is listed until it goes under contract.
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Old 07-06-2011, 04:16 PM
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Default Days on Market

Quote:
Originally Posted by Mr Rex View Post
It is from the time the property is listed until it goes under contract.
I don't want to sound stupid I think I may be on the wrong page.

MEDIAN LISTINGS DAYS ON THE MARKET
that is what you are saying in the above sentence and I understand it

where I get lost is

MEDIAN "SALES" DAYS ON THE MARKET
Where does that number come from? Help
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Old 07-06-2011, 10:12 PM
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It will be difficult to get accurate median listing DOM for anything but the prior 3 months, due to the changes a listing has gone through those previous months.

Last edited by Lakefront boater : 07-06-2011 at 11:38 PM.
  #10  
Old 07-07-2011, 07:01 AM
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Default

Quote:
Originally Posted by Gregory Beck View Post
I don't want to sound stupid I think I may be on the wrong page.

MEDIAN LISTINGS DAYS ON THE MARKET
that is what you are saying in the above sentence and I understand it

where I get lost is

MEDIAN "SALES" DAYS ON THE MARKET
Where does that number come from? Help
The listings include any and all properties that are listed but not sold. Active, Expired, Withdrawn, etc. The median days are the number of days that these unsold properties have been listed as of the time period in question.

The sales includes all the properties that have sold. The median days is the time from the original listing untilt they go under contract in the respective time period.
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