Good observation. I agree with you. It is totally misleading. My buyers do not have this problem. When buyers of mine ask for a listing sheet on a home of interest, they always get not only the current listing sheet, but also any past listing sheets, including those that have expired, been withdrawn, or sold. I've had some homes where I supply 8 listing sheets for one home because it's sold 2-3 times and been listed 5 other times.
There are some MLS systems, in California I believe, where days-on-market is calculated regardless of re-lists. So an agent who re-lists the same property does not get the benefit of "resetting" the days-on-market counter, so to speak. If I remember, the rule is that a home must be totally off the market for 30 consecutive days before it can be re-listed with a days-on-market "reset."
I would favor this change. Also, it would increase the accuracy of the sale-to-list price ratio. Right now, the MLS systems report that ratio based on the current list price. So if a home sells for 300,000 and the final list price was 310,000, the sale-to-list price ratio is 96.8%, right? Well, what if the home was re-listed 3 times and was originally listed for 350,000? The true sale-to-list price ratio is 85.7%. Quite a difference.
Anyway, I'm expanding the service I provide to my own buyers to my website in general. I'm calling it "HomeSleuth". Pretty cool, eh? Buyers who search on my site and save any homes as favorites will automatically get full listing sheets for those homes - ALL OF THEM. Including active, withdrawn, expired, and sold. If you want to try it go to my website and do the MLS Search and save some of the homes you've been watching as favorites. Let me know if you like it. It will save home shoppers the trouble of having to track everything to see how long a home has REALLY been on the market, and how far the price has REALLY come down or NOT come down as the case may be.
I have to set up special "HomeSleuth" buttons, but for now, anyone can just do an MLS search. Then save any home you like to your favorites list and you will get back full listing sheets, WITH ADDRESSES, including all past histories, including expireds, withdrawns, and past closed sales. If you request it, I will also provide a tax data report, a tax map, a flood map, and a zoning map.
Good luck with your home search Alex.