Welcome to the Q & A column where MRED brokers, agents and appraisers get answers to their questions, right from the horse's mouth, every Tuesday.
Do you have a great question for inclusion in next Tuesday's Ask MrEd? Send your questions to askmred@MREDLLC.com. Don't worry, we'll supply the answers. We will choose one question to include every week and that person will receive a couple of cups of coffee on us, i.e. a $25 Starbucks Gift Card (enough for some oats on the side). And every month we will choose a "Best Question of the Month" winner. Not only will that person get some attention in this email but MRED will come out to his or her office's next staff meeting and serve coffee and donuts on MRED. Don't worry, we'll pony up!
Congratulations to this week's winner, Sherry Litherland of john greene Realtor in Naperville! A $25 Starbucks Gift Card is on the way to you. Welcome to the Winner's Circle! Here's the winning question:
Question: "How many days does a listing need to be off market for cumulative market time to reset to zero?"
Answer: A listing needs to be off market for 90 days for cumulative market time to reset to zero. Here are some other things to consider about market time:
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