What are “aggregate days on the market”?
On the Victoria Real Estate board an agent can “Re-List” a property for a mere $25 fee. An example would be if a home has been listed on the board for 180 days the listing can be taken off the market and then “Re-Listed” and appear to be a new listing with zero days on the market. This can be very misleading and a listing agent would be telling the truth if they told a potential buyer it was a new listing.
Here is how a Re Listed home looks the home had 675 days on the market now it’s re-listed and shows 5 days on the market:
Lots of Real Estate boards throughout the US do not let agents “Re-List” properties. They have a simple system of showing total “Aggregate Days on the Market”. Aggregate Days on the market would show the total number of days a home has been listed by the seller even if they switch listing agents.
For more on Re-Listing please see the Re-Listing page here.
Scott & June Simmons
The Salt Spring Team