What’s New in XL Paragon 2021
During these first months of the year, the NJMLS has provided some new features in XL Paragon that provide you with additional tools and market insights. In case you missed anything, here’s what was released so far this year:
Option to Upload 50 Photos
You can now show more photos on your listings! The Manage MLS Photos option in Listing Maintenance has been expanded from 25 photos to 50 photos.
New Market Stats link on Full Reports
We recently upgraded the Absorption Rate link on Full Reports to a Market Stats link on Bergen County listings and will be expanding this to other areas over time. Clicking on the link provides absorption rates and estimated months inventory based on 12 month average of Under Contract Listings as well as 12 month average of Sold listings. Additional statistical data is included, such as Current Actives, Median List Price, Median Sold Price, Units Sold and Average Days on Market.
Town Insights Tool
There is a new option in the Stats menu called the Town Insights Tool which provides a quick overview of the current listing activity in a town. Simply enter a town and property category and you’ll be provided with the following information:
- Inventory Level: Number of Current Actives and Months Inventory
- Interest Level by Price: Number of Saved Prospect Searches at various price points
- Sales Trends by Time Frame: Average List Price, UC Listings, Average DOM, Sold Listings, Average Sold Price
Team Share Reports in Market Share
Brokers have the option to run Market Share Reports by Teams, effective January 1, 2021. This option can be found in Step 1 when running the Market Share reports. All transactions by any team member will roll up into the Team Share Report.
Realist: Search by Sell Score
Realist has enabled an option to do a search based on Sell Score, providing results based on the relative likelihood a property will be listed for sale in the next 6 months. This new feature is not part of the default criteria, but can be added to a search by using the Customize Search option > Sales Information > Check the box for Sell Score > Apply.
You may display the Sell Score in the search results by using Customize Table > Show/Hide Columns > Sales Information > check the box for Sell Score and Apply or you can view the detail report to see a property’s individual Sell Score.
The Sell Score option can only be used when a single county is selected. When multiple counties are used in a search, the Sell Score feature will be grayed out under Customize Search and cannot be selected.
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