A property had been sitting on the market for a while with very little activity. The seller was frustrated, showings had slowed down, and the agent wanted to give the listing a “fresh start.”
So what did the agent do?
They canceled the listing…waited a short period of time…and then entered the exact same property back into MLS as a brand-new listing with fresh Days on Market. 😳
The reasoning?
“Well, we just wanted it to look new again.”
Here’s the problem. MLS systems track listing history, including canceled, withdrawn, expired, and re-listed properties. Attempting to reset DOM in a way that appears misleading or intended to manipulate listing history can create serious MLS compliance concerns.
While there are legitimate reasons a property may be withdrawn and later re-listed, repeatedly canceling and re-entering a property simply to gain a marketing advantage or hide actual market exposure can potentially violate MLS rules and create misleading information for buyers, agents, and appraisers.
And let’s be honest…buyers are not nearly as fooled by “new listing” status as sellers think they are. 👀