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MLS Numbers Unmasked - What does it all mean?

15000.jpgI entered a listing into the MLS today and saw that it was number 2715344.

The 27 means it is a listing that originated in the year 2007.

The 15344 means it is the Fifteen Thousandth, three hundred and forty-fourth house that has come on the market this year. Yowza! We are up to 15,000 new listings just as April kicks off.

In contrast, the Columbus MLS from the Columbus Board of Realtors tells us that 4993 properties have sold in Central Ohio since January 1, 2007. In essence, then, for every four homes on the market, one has sold. (Though the homes that have sold are most certainly not necessarily the same one that have come on the market this year.)

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