The new listing numbers started out in 2010 with 3 digits vs 8 digits of the last decade and beyond. It would be awesome if we could track how many new homes are coming on market by these numbers. Unfortunately I am seeing many “new” listings on market for hundreds of days.
There is a rule against, and fine for, “trading up” your mls # from a 2009 or even 2008 listing number to a fresh 2010 one. But I am seeing many that “expired” vs. cancelled on 12/31/09 and then re-listed (often with the same agent) since 1/1/2010.
These listings are also coming up with the “n” symbol as being “new” on market. They are also showing as “on Redfin 1 day” so be sure to look at CUMULATIVE DAYS ON MARKET before determining whether or not it is really a “new” listing. You can do this on Redfin by clicking the property detail. Cumulative Days on Market seems to be “one click away” as in “on Redfin 1 day” but Cumulative days on market 455 days.
Maybe some day there will be only one mls # allowed per home address…on a 12 month rolling basis. But for now, there really are not over 3,000 “new” listings since 1/1/10, even though over 3,500 have been “newly listed” since 1/1/2010 as of today.
It’s possible that the mls will take away their “new” number, and give them back their old one. It would be great if they did, so we can track how many really new listings there are coming on market this year. So far I have not seen a way to search by “cumulative days on market”. I’ll have to ask Matt Goyer over at Redfin if they have an internal system that will do that. But if they did, I would think they would not be showing those “on Redfin 1 day” houses that have been on market for over a year.