Change in Entering Open Houses (Effective 11/5)

On Tuesday, 11/5, we enhanced how open houses and broker opens are entered and searched for within Paragon. In short, you will now add open houses and broker opens (tours) from the listing input & maintenance screen or from the Select an Action menu:

This enhancement will:

• Allow you to enter more than two open houses at a time
• Allow you to take advantage of open house alerts to consumers via Collaboration Center
• Put all upcoming open houses and broker opens front and center via the home page Market Monitor
• Streamline workflow and allow downstream vendors easier and more uniform access to open house data (all vendors were notified of changes on 10/11)

Active open houses have been automatically moved to the new Open House module, so there is no need to re-enter what is already in Paragon.

Click here for detailed instructions on this new enhancement

Days on Market Explained

There are two types of days on market (DOM) counts in the MLS:

• DOM = the number of days an individual MLS # has been actively marketed (Active, Offer-Bump, or Offer-Show status). The DOM resets each time a new MLS # is entered.
• CDOM = the cumulative number of days a property has been actively marketed. This includes the DOM from previous MLS #s. The CDOM will only reset if a property is off-market for at least 31 days between listings.

A few notes:

• To ensure a DOM count of 0, a listing must be entered on the list date.
• Days on market do not accumulate while a listing is in Delayed, Withdrawn by Seller, or Offer-No Show status.
• In order to enter a new MLS #, a new listing contract must be secured (an amendment does not suffice). If a new listing contract is not obtained, the new listing will be deleted and a fine of $50 will be assessed.