Heads up: Change of MLS Verbiage

[ZZGAMAZZ]

I just received the following email message from Califoria Regional MLS:

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Days on Market (DOM) is now Days Active in MLS (DAM)​

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Read below to learn more about the change​

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Gregory,

CRMLS is continually evolving, which occasionally means we rethink the names and terms we use to better reflect the reality of what they represent. As such, we have retitled two common MLS statistics to more accurately describe what the numbers represent.

Effective today, June 3, the following terms have changed:

• Days on Market (DOM) is now Days Active in MLS (DAM)
• Cumulative Days on Market (CDOM) is now Cumulative Days Active in MLS (CDAM)

The calculation method for these terms will stay the same, so the way DOM was calculated as of yesterday is the same way DAM is calculated as of today. You are not required to take any action; this change will be made in the backend of the MLS.

We hope you find this new terminology helpful and thank you for your continued support.

California Regional MLS​

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[glenn walker]

Okay ?

 

[ZZGAMAZZ]

Okay ?

Hey, listen, "Don't you go "Okaying" me now. I'm thinking that the message might have gone out only to realtor members rather than appraiser affiliate members who consequently might be confused. And what else am I going to do on this rainy night, although I am meeting with a fellow soon to obtain rental listings for two units that he owns; and although I know that property management is beyond my scope of work as a realtor, just figuring out which forms are needed, how to arrange for background/credit checks, how to schedule prospective tenant visits to the property that is 50 miles away in Riverside, whether to market the rentals on other platforms such as those that cater to Medical community travelers, etc., etc., etc., is a whole new ballgame. [But as always, thanks for your constructive criticism, and as an informal survey of the AF revealed, we all feel worse for your wifey than for Fernadino's significant other!!!!!. LOL LOL LOL LOL

 

[George Hatch]

I'm curious what alternate response you would have preferred.

 

[ZZGAMAZZ]

I'm curious sssswhat alternate response you would have preferred

 

[ZZGAMAZZ]

In my opinion, listed in order of decreasing significance:

1) A comment that adds to the value of the original post, e.g., "It's also important to remember xxxxxxxxxxxx. ..........."
2) No response at all except perhaps a thumbs-up icon
3) A brief comment thanking the OP for his consideration.
4) A response to the OP that "steals the thread" in a positive way intended positively to affect peer knowledge.

Review of the AF history reveals that some peers are extraordinarily intelligent and also extremely supportive of others, presumably in their entire professional scope of work, and personal lives as well; others who somehow seem to know virtually everything about almost every issue and often povide ciritical, succinct advicee; others [like you sir IMO] who inevitably provide their professional perspective written in a scholarly, professorial manner almost definitive in scope, and objective to boot, which often ends a debate kinda like an exclamation mark at the end of a sentence. And although I don't know how many appraisers interact with the AF, I estimaate that 95% of users learn but never ever post. IMNSO the AF is so valuable that I'd gladly pay more for a membership than fees for software, licensing, insurance, data, etc. Sometimes I wonder if any of the intellectual appraisers on the AF ever review one of my residential reports although I don't think our AF monikers are public information. [And TBH I run my mouth so often that I often embarrass myself after-the-fact, but appraising can be a lonely gig....like the lyric from an older song that "A legend's just a lonely boy...when he goes home alone" although I forget the name of the song, or the band....] See what I mean?

 

[Carnivore]

If you called a cat a dog, it wouldn't change the fact that it's still a cat.

Change for the sake of change’ is an illusion of progress​

Cool things com originate out of California. Music, hair styles, fashion. It then catches fire and leaps to the East Coast. Then it heads back west and lands in Flyover country. So my best estimate is in about one to two months this change in reporting will land in flyover Country.

 

[Flakey]

If you called a cat a dog, it wouldn't change the fact that it's still a cat.

Well, this is pride month. However, I can kinda see how changing DOM to DAM acknowledges that marketing time in MLS may not reflect the actual time a property has been exposed by other means like Redfin, Neighborhood Market Place, Craigslist or a FSBO sign in the front yard.

I will enjoy typing DAM over and over again in my reports. Better would have been Time Under Realtor Direction