What's Old is New Again, Redux

My BW colleague and fellow blogger Peter Coy wrote a nice story earlier this year on the growing trend of real estate agents pulling a house that they can’t sell out of the MLS database, and then re-listing it again (or maybe they tweak a small detail such as “assessor’s number” as a tactic to prompt the program to reset). The whole purpose was to reset the “number of days on market” that the MLS listing showed — since any listing that revealed a house had been sitting unsold for, say, 130 days would suggest the seller was growing desperate and could be low-balled. Reset the listing and it makes it appear the house just went on the market — better make a bid fast before someone else does!

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