Understanding Listing Market Time vs. Total Market Time
Listing Market Time reflects how long a specific MLS number has been active. If a listing is canceled and then relisted, the Listing Market Time resets to one day.
Total Market Time provides a broader view of an address’s listing history. Unlike Listing Market Time, Total Market Time resets only if a listing has been canceled or expired for 90 consecutive days, and relisted on the 91st day or later.
How Status Changes Affect Market Time
- Temporarily No Showings (Temp) Status: Days spent in Temp status do not count toward Listing Market Time but are included in Total Market Time. This ensures Total Market Time accurately represents the property's total time on the market.
- Private Status: Listings in Private status do not accrue market time, unless they transition to Standard as Contingent or Closed. In such cases, the original List Date from the Exclusive Marketing Agreement is used, reflecting the accurate market time.
- Changing Offices or Agents: If a listing remains off-market or in Private status for less than 90 consecutive days, its Total Market Time carries over, even if it is relisted under a different agent or brokerage.
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