It is false advertising in my mind. Most buyers would agree.
Even if a listing moved from one real estate company to another the house is still an old listing. The house has been for sale and not sold. If the house has not been off the market for at least 6 months, maybe even a year it should always be considered an old listing.
You need to find a realtor who can find the cdom and base your lowball offers on how long it has really been on the market.
One of the great memes among hobbyists was that The Real Estate "Man" was keeping "vital information" locked away, and the Power of Web 2.0 would Unleash the Information That Wanted To Be Free, washing away real estate agents with the tide.
Turns out that "DOM," or "days on market," is about as useful in evaluating property as Doubles is in evaluating baseball players.
P.s. I know a ton of people from Brookfield, are you moving to Brookfield or from, its a wonderful area?
The first and primary purpose of the MLS is to provide exposure for member listings to other brokers. When a listing agreement is signed by the seller and the broker, it becomes the NEW listing agreement, which makes it - stay with me, folks - a NEW listing.
That's all there is to it. The fact that it distracts homeshoppers is something that MLSes are aware of, and are reacting to it in their own ways, in their own due time. If you have an issue, take it up with them.
The General Public never cared, until they began to sit at their desks and follow real estate as if it were a spectator sport. When the General Public never cared, MLS members never cared much, either.
The Buying Public cared, but that was easy, ask the agent, who would go to the MLS, who would find out. Maybe some wouldn't check to see if it had been listed before, maybe they would.
Now, the Buying Public cares, and MLSes, which like many institutions, are slow to change, are slowly changing.
This is the debat between DOM (Days On Market) and cumulative DOM.
An agent may be able to give you the history on a specific home.
I have heard that MLS will be showing previous days on market soon for this exact situation however I have not seen it put into place.