This Week’s Lockbox Activity
For the week of August 7-13, 2017, these charts show the number of times RMLS™ subscribers opened SentriLock lockboxes in Oregon and Washington. Activity decreased in both Oregon and Washington again this week.
For a larger version of each chart, visit the RMLS™ photostream on Flickr.
Ask Technical Terry is a series RMLS™ aims to offer once a month. RMLS™ subscribers will drive the content—submit any question about RMLS™ to Technical Terry in the comments or by emailing communications@rmls.com. Don’t be shy—we won’t identify you by name.
Dearest Technical Terry,
Oh em geeee! I’m atwitter thinking about the upcoming eclipse and how our SentriSmart™ app and SentriLock lockboxes won’t work during that time. I have clients that are convinced that their perfect home can only be discovered during the time of totality! What am I going to do?
Clueless in Coquille
Dearest Clueless,
Not to worry! Not only is Coquille not in the path of totality for this eclipse, but the eclipse will have ZERO bearing on your use of the SentriLock system. SentriLock’s technology should not be impacted in any way by the solar eclipse.
Traffic, on the other hand? I’m thinking you may just want to pick another day to cruise around looking for your clients’ perfect home. But what do I know? Isn’t the customer always right?
Technical Terry
Dear TT,
I was just discussing days on market with my clients the other day and had a hard time explaining the difference between DOM and CDOM is. Can you help?
Dum DOM in Damascus
DDD,
Of course I can help! Days on market, or DOM, is a standard industry term used to describe the number of days between list date and the off-market date. When you have a listing that simply goes from a single list date to a single off-market date (let’s say in 50 days for an example) the calculation is quite simple. In this example, DOM and CDOM would both be 50 days.
It’s when you have a property that you list for sale, then cancel it, then relist it with a new MLS number that the calculations get a bit trickier.
Picture this: you list a home and after 30 days you haven’t received any offers and the seller wants to do some repairs. You cancel the original listing and then relist once the repairs are done. The second listing gets a new MLS number. When the gap between your cancellation of the first listing and the relisting date is fewer than 31 days, any off-market gap will not be counted in the CDOM calculation.
So if the first listing had 30 days of market time, the time when the listing was off-market for repairs was seven days then the new listing sold/closed in 21 days, the CDOM would be 51 days. This scenario is called linear relisting.
A final scenario is when you have a listing for sale and cancel it to get a new MLS number with NO gap between the cancellation of the first and second listings. In this case, CDOM would reflect the number of days the property was on the market from the original list date of the first listing through the off-market date of the second listing. This is called an overlapping relisting.
Does that help? RMLS™ also offers Document #1742, How CDOM is Calculated, if you want to read further.
TT
This Week’s Lockbox Activity
For the week of July 31-August 6, 2017, these charts show the number of times RMLS™ subscribers opened SentriLock lockboxes in Oregon and Washington. Activity decreased in both Oregon and Washington this week.
For a larger version of each chart, visit the RMLS™ photostream on Flickr.
Do you have a difficult time remembering what certain abbreviations mean when you’re in the thick of entering listing information on RMLSweb? Of course Document 1210, Listing Abbreviations, is always available for reference, but it’s far easier to focus on the task at hand instead of always cross-referencing with another tab on your web browser.
RMLS™ is pleased to announce that an unabbreviated Listing Load will soon be released on RMLSweb. Once the change is made, all users will see the change when using Listing Load, as all users will have the unabbreviated version as the default.
Subscribers who want to keep the original abbreviated version of Listing Load can easily do so by changing their default in User Preferences.
Access User Preferences by hovering over the user’s name in the navigation bar on RMLSweb and selecting the User Preferences option. Next, click on the Desktop/Sidebar Options tab. Uncheck the box labeled “Unabbreviated Listing Load.” (Don’t forget to save your changes…)
Once the default has been changed in User Preferences, subscribers using Listing Load will find listing abbreviations restored until any point when they change their preferences again.
RMLS™ hopes to release this unabbreviated version of Listing Load the morning of Thursday, August 17th. Subscribers requiring assistance with this or any other feature of RMLSweb can always contact the RMLS™ Help Desk at (503) 872-8002 or (877) 256-2169 for assistance.
This Week’s Lockbox Activity
For the week of July 24-30, 2017, these charts show the number of times RMLS™ subscribers opened SentriLock lockboxes in Oregon and Washington. Activity increased in Washington and decreased in Oregon this week.
For a larger version of each chart, visit the RMLS™ photostream on Flickr.