At the top of each active listing on Redfin, you can see how long a home has been on Redfin under, ‘Days on Redfin’.
We do this because Redfin wants to provide buyers with a transparent view of how long a property has been listed for sale. This is why 'Days on Redfin' can differ from Days on Market, which is noted through the MLS.
When a home is listed for sale, it is assigned an MLS number. As soon as Redfin receives listing data for this MLS number, the ‘Days on Redfin’ counter starts. This way we can give a clear picture of when the home sale actually started, rather than resetting the timer whenever there is a pause in the transaction.
Days on Market is how long a home has been ‘active’ on the MLS. If the property was temporarily taken off the market and relisted, this number will reset because Day on Market counts only active days. This is not the case for Days on Redfin. For example, a home may say it has only been on the market for 2 days and is a new listing, but it could have been delisted a few months ago after being on the market for 30 days.
To calculate the Days on Market, scroll to the bottom of an active listing page and review the home’s Property History. Here you will see any listed and delisted events along with the corresponding dates.
If you’re interested in re-setting the Days on Redfin, delisting the home and relisting with a new MLS number will refresh the count.