In The Market for a New/Price/Status Update?

By Deborah Moble

MRIS, Oct. 20,2008-Market Updates are used by agents to stay aware of listings that become available on the market which fits their client’s search criteria. Most agents perform market updates searching for new listings that meet the client’s criteria or listings with a price or status change that meets the client’s criteria, ergo new/price/status.To create such a market update, complete the following steps:

1. Conduct a search on your client’s criteria
2. Save the criteria by clicking the save button located at the bottom of the results screen.
3. Enter the My Matrix tab
4. Click Saved/Automatic Search
5. Click the Market Update link for the appropriate saved search
6. While holding down the Ctrl key, select New, Price, Status
7. Enter a date length within the Specify Update Date/Range field or Use Last Run Date
8. Click the Search button

Matrix returns listings that are either new, or have had a price or status change that matches the saved criteria.

To review what change qualified the listing as a search result:

1. Click within the Display field located at the bottom of the results page
2. Change the display to Update Summary
3. Click the LH link (short history) to view if the listing qualified because it was new, had a price change or a status change.

An alternative method is to select just one Update Type and run the update. You will then know that all the listings have been affected by that type. You can then run the update again with a new update type.

To send feedback on this article e-mail communications@mris.net.

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