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Market Reports: June 2021
Metro MLS is now offering a new and enhanced version of the monthly market reports, with RapidStats serving as the new provider of these reports. The June RapidStats Monthly Market Reports gives members access to more accurate monthly data that better reflects the current market.
What is Markt?
Markt is our joint venture with ARMLS® (Arizona Regional Multiple Listing Service) that started in April 2018. It has allowed us to partner with another top MLS to serve our members better.
Viewing and Sharing Monsoon Reports
Have you ever wanted to share property details with your clients on the information you found in the Monsoon Tax System by Markt? Monsoon makes it easy to customize and share reports in just a few clicks.
Printing Mailing Labels in the Monsoon Tax System
Do you have hundreds of cards, letters or mailings that you want to send out to potential clients? Instead of hand addressing each item, the Monsoon Tax System by Markt allows you to print off address labels in just a few clicks.
Customizing the Monsoon Search Template
Customizing your search template in the Monsoon Tax System by Markt allows you to obtain results based on specific criteria you can’t find in the default templates. A custom search template will allow you to save search fields you use most often, so you don’t have to add them each time you search.
Preferred Photographer Program Available for Members
Using a Preferred Photographer saves you time. Each photographer is vetted and then trained on uploading listing photos in Flexmls on behalf of a member. Each photographer also has a Flexmls login and agreed to a copyright release in advance.
Finding Comps in the Monsoon Tax System
The Monsoon Tax System by Markt has a tool that makes it easy to find comparable properties. The comps tool is simple to use. You can generate comps with one click while also having the option to modify your search criteria.
Market Reports: May 2021
As the weather warms and the first day of summer rapidly approaches, the U.S. housing market shows little sign of cooling down. Robust buyer demand, fueled by low mortgage rates, continues to outpace supply, which remains near historic lows.
Active with Offer vs. Pending: What’s the Difference?
Once your seller accepts an offer, you need to change the status to Active with Offer or Pending in Flexmls. These two statuses are similar, but they differ in what the seller and potential buyers can do once an offer is accepted.
Can You Virtually Stage Your Listing Photos?
Are you planning on virtually staging your listing photos in the MLS? You can do this, but you must disclose that you have virtually staged the photos in the public remarks section.
Sign Up for The Metro Word Blog
You are missing out if you have not signed up for The Metro Word blog at MetroMLS.com. Signing up to receive our blog messages via email is a fast and convenient way to stay informed on all the latest news and information.
The MLS Plays Valuable Role in Real Estate Industry
The multiple listing service (MLS) plays an essential role in helping real estate brokers and agents provide clients with a quality experience that makes homeownership a reality. Metro MLS is Wisconsin’s largest MLS, serving more than 9,000 real estate professionals. It provides valuable resources and information that positively impact brokers, agents and consumers.
Zillow is Now a Broker, Will Receive IDX Feed
Zillow is now a licensed brokerage entity and Metro MLS member. Zillow’s change from a real estate media company/portal to a brokerage will allow them to display listings enrolled in the IDX program starting June 1.
MLS Aligned Acquires Showing-Service Platform Agent Inbox
MLS Aligned, LLC, a group of forward-thinking Multiple Listing Services focused on building industry-leading technology for its over 100,000 MLS subscribers, has acquired the technology assets of RE Agent Solutions, LLC, the owner of the Agent Inbox technology.
BizTimes names Erika Zignego a Notable Executive Assistant
BizTimes Milwaukee has recognized Metro MLS’s Erika Zignego as a Notable Executive Assistant. Zignego has worked as Metro MLS CEO Chris Carrillo’s executive assistant for five years. Besides assisting Carrillo, she is the vice president of accounting, oversees human resources and manages numerous Metro MLS programs.
Check Out the Metro MLS Video Library
The Video Library allows members to learn about relevant topics to grow their skills at their convenience. The available videos are on various topics, including Flexmls® and Data Integrity.
Can You Show a Delayed Listing?
The Delayed listing status allows the seller additional time to prepare the home if it is not ready for showings. But when a property is in Delayed status, no showings of any kind are allowed until the property moves to Active status.
Market Reports: April 2021
April was another strong month for home sales. The busy spring market continues to see many multiple offer situations driving sales prices above the asking price. While housing affordability remains an area to watch as prices continue to rise, strong buyer demand and limited housing supply show no signs of easing soon.
Can You Advertise a Delayed Listing?
The Delayed listing status allows the seller to offer a sneak peek of its property to potential buyers before it hits Active status. It is a way for the seller to prepare the home for showings while the listing agent starts generating interest in the property.
Flexmls Makes it Easier to Upload Videos, Virtual Tours
Flexmls has made it easier for users to add, edit and manage videos and virtual tours. Flexmls also no longer requires you to upload a branded and unbranded version of your videos or virtual tours.
realMLS to Acquire Shared Services from Markt
realMLS has entered into an agreement with Markt for shared services to enhance its MLS offerings. realMLS joins Metro MLS and ARMLS in the Markt venture.
How to Enter a Delayed Listing in Flexmls
The Delayed listing status is in place to help sellers who need additional time preparing their home for showings. It is not considered a best practice or a tool for agents to use when selling a home.
Market Reports: March 2021
Normal spring increases in sales activity and relaxing COVID-19 policies created a bustling March real estate market. A busy and competitive buyer market is likely ahead with existing home sellers and new construction activity below necessary levels to bring the market back into balance.
Realtors Must Honor What is Detailed in Listing Remarks
You can specify when the seller will review offers. But if you include this language in a listing, you must honor that information and not accept an offer before the specified date.
GMAR Advocates for Fair Housing in the Marketplace
The Greater Milwaukee Association of REALTORS® continually educates and reminds its nearly 5,000 members and the public of the importance of upholding the Fair Housing Act’s principles.
Market Reports: February 2021
Mortgage interest rates ticked a bit higher in February but remained below their February 2020 levels. With rates still at historically low levels, home sales are unlikely to be significantly impacted, though higher rates impact affordability.
How to Exclude Contingent Listings in Flexmls
It can be difficult to find listings that are not “Active with Offer” in today’s low-inventory market. But Flexmls® makes it easy to exclude those contingent listings from your search, so you only view the active listings in Quick Search.
How to Search for Specific Member or Office Listings in Quick Search
Flexmls® makes it easy to view past and present listings from a specific member or office in Quick Search. By searching for listings from a particular member or office in Quick Search, you can tailor your search to your desired listing preferences to net more precise results.
Do You Know What the Monsoon Map Can Do?
If you haven’t been using the Monsoon Tax System’s map feature, you might be surprised by all it can do. Have you ever wondered what other information the map provides? Here is a guide on how to use the map tool in Monsoon.
Register for the Teams Program in Flexmls
Metro MLS has made it easier for two or more licensed agents to work together at the same brokerage. For those who consider themselves to be a team, Metro MLS has the Teams program available. You also can sign up an assistant for Flexmls® access.
Dave Schmidt Credits Client-Driven Approach for His Success
Dave Schmidt is extremely successful in the real estate industry even though he is just a one-person independent brokerage. He primarily assists clients in the Milwaukee metropolitan area, helping them through the home buying and selling experiences while also conducting business in the rental market.
Market Reports: January 2021
January started well for the housing market, with healthy buyer demand and strong market fundamentals. A robust increase in housing starts in December points to an active year for new construction.
A Message from CEO Chris Carrillo on ShowingTime
Metro MLS is reviewing its agreement with ShowingTime to ensure Zillow follows the obligations that are in place. We also are exploring the best options moving forward to make sure we are offering the best product to our members.
RISMedia Names Chris Carrillo a Real Estate Newsmaker
RISMedia has selected Metro MLS CEO Chris Carrillo as a 2021 Real Estate Newsmaker. The media outlet named Carrillo a “Crusader,” which is a leader who champions a better way for the industry.
Easier Way to Change Your Property Search Template in Quick Search
Flexmls® has made it easier for you to change the property search template in Quick Search. You will now see “Change Search Template” below the property type in the top left corner of Quick Search.
Top 10 Violations of 2020
It is a new year, and we have tallied up the violations from 2020. Below is a list of the top 10 violations of 2020 with the data consisting of violations that occurred from July to December 2020.
Metro MLS Leaders Named to Swanepoel Power 200 List
Metro MLS CEO Chris Carrillo, Shorewest REALTORS® President Joe Horning and ARMLS CEO Matthew Consalvo appeared on the 2021 Swanepoel Power 200 list of the most powerful leaders in the residential real estate industry.
Market Reports: December 2020
December usually is one of the slowest months of the year for real estate. But strong buyer demand and near-record low-interest rates allowed for a healthy sales pace in December 2020.
How to Access Online Bill Pay in Flexmls
Online bill pay is safe, secure and preferred. It also is the easiest way for brokers to pay their monthly MLS membership dues to Metro MLS. We have a step-by-step guide to teach brokers how to access the online bill pay system.
How to Prepare Your Year-End Reports
Another year has passed, and that means it is time for you to prepare your year-end reports. Metro MLS has resources available to help you access the year-end reports you need.
How to Access Metro MLS’s Rules and Procedures
Metro MLS offers accurate and timely real estate data to its members. Correct data is vital and allows for fair housing for everyone involved in the home selling and buying experience.
Active Listings Then and Now
A four-bedroom colonial home located on Lake Drive in Whitefish Bay is on the market. Nearly 55 years ago, the same house also was for sale, as you can see from the 1966 punch card that is in the Metro MLS archives.
Can You Name These Homes From Notable Holiday Movies?
How well do you know the houses from famous holiday movies? Test your holiday movie knowledge with our holiday movie house quiz.
Market Reports: November 2020
November saw the Dow Jones Industrial Average top 30,000 for the first time, while mortgage rates reached new record lows. These records have encouraged buyers to move forward on purchases, which continued to remain strong overall for the month.
Chris Carrillo Re-Elected to RESO Board of Directors
RESO members have re-elected Metro MLS CEO Chris Carrillo to its Board of Directors for a third consecutive term. Carrillo will serve on the RESO Board of Directors through 2022.
How to Access Online Statistical Reports
Metro MLS offers accurate and timely real estate data to its members. If you are trying to find statistical information on a particular market, you can easily access it at MetroMLS.com.
Monsoon Now Allows You to Search All Property Types
Robust changes are coming soon in the Monsoon Tax System. Metro MLS members will have the option to search all property types in Monsoon.
Self-Report a Violation to Avoid a Sanction
Did you make a mistake and catch it before we did? We offer our members the ability to self-report a violation to avoid a sanction.
Metro MLS Unveils Rebrand, New Website
Metro MLS unveiled a rebrand with a new logo, color scheme, and website. The comprehensive rebrand embodies Metro MLS’s five core values and will provide an even better overall experience for the more than 9,000 members it serves in Wisconsin and the surrounding area.
Chris Lambrou elected as IEEE Milwaukee section vice-chair
The Milwaukee section of the Institute of Electrical and Electronics Engineers has elected Metro MLS Chief Information Officer Chris Lambrou its vice-chair.