Your listing should automatically expire at the end of whatever period your listing contract provided--90 days, 180 days, etc. While technically you shouldn't have to do anything, it would be good (both as a courtesy and to make sure that the listing terminates) to notify your agent in writing prior to the expiration that you do not wish to renew.
A couple of random thoughts: While high DOM can indicate a "stale" listing, you have to weigh taking your home off the market for an extended period versus making whatever adjustments (pricing, staging, etc.) the house needs in order to sell.
Also, even if the DOM resets, a Realtor can go into the MLS and see a property's history. For example, I can go in and see that someone attempted to sell their home 2 years ago at $500,000, then a year later at $450,000, and today at $425,000. DOM will look just fine, but I always check property history--and not just for price adjustments. It'll show if the owner at some point tried to rent the property. I can pull up the old listing and see whether the owner made changes or improvements to the home. So don't focus too much on DOM.
Finally, while it's nice to have a fresh listing, versus a stale one, that's not the first (or second, or third) thing buyers look at. They'll look at price. They'll look at location. They'll look at number of bedrooms and baths. They'll look at age of the property. They'll look at the pictures to see if it looks good. DOM is pretty far down the list.
Hope that helps.
Kim Davish. Real Estate, Consultant
I specialize in homes that have not sold the first time
Keller Williams Real Estate
1400 N. Providence Rd.
Media, PA 19063
I think you lose more by sitting on the sidelines for 30 days than you gain by having a 0 in the DOM and PMP field. You may consider making your home more salable by reviewing your pricing strategy. Just my opinion.
Hope that's helpful.
Sherry Gallo, ABR
Licensed in PA, NJ & DE
Prudential Fox & Roach
There is know on universal MLS but several different listing services and it depends which company the Realtors are using in your area. I know that you would like it to reset to one day which may look good in this market but most Realtors representing buyers in todayâ€™s market will check to see how long a home has been on the market.
Jerry A. Lorenz
Cell: 440 724 4402