The Matrix™ Market Watch is a valuable resource for MLS subscribers who want to stay competitive and in the know. You will receive real-time listing changes, stay up to date on the latest listings, and track market trends to stay informed about the latest market developments.
The Matrix™ Dashboard consists of multiple widgets. Depending on which Matrix™ dashboard mode you're using (New or Classic), the look is slightly different for the Market Watch widget, but the functionality is the same.
The Market Watch consists of (1) Status/Change Types with # of Listing Matches, (2) Property Type selections, and (3) Time Frame selections with options to (4) Customize and (5) Refresh the data. If your market watch contains criteria, you will have the (6) Reset option to remove the criteria.
How to Customize and View you Matrix Market Watch Updates
! If you’ve never used the market watch, it’s defaulted to ALL listings for the selected property type and to search the entire geographical footprint
Before viewing your market watch listing results, you will want to customize the market watch's criteria.
1. Select the Property Type and select the Customize option ( New Dashboard - Click Settings Wheel Icon and for the Classic Dashboard - Click the Customize link)
2. Clicking the Customize option will take you to the Matrix Criteria Page to enter the criteria you would like to see on your Market Watch results. No fields are required.
In the example below the Cross Property Market Watch criteria is customized to search for condos and single-family homes in the postal city of Port Washington.
3. Once you have your criteria in place click Save and it will return you to the Dashboard with your updated Market Watch.
4. You will know that your market watch has been updated with a confirmation on the dashboard.
5. To see listings that match your market watch listings modify your Timeframe and click on the Status/Change Type.
6. Clicking on the Status/Change Type will take you to the Market Watch Results page with the Hotsheet display. The first three columns displays the Change Type, Change Date, Change Information.
You have many options on the results page when reviewing listings:
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Click the MLS number to see the listing in the Agent 360 Property View
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Click the Check box to Access the Action bar to Email, Print, and more.
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Click the Map to see where the listings appear and use additional map tools.
7. To view other Status/Change Types on the results page or update the timeframe, at the top left side click the drop down next to the current status/change type being viewed and select another status/change type without having to go back to the dashboard.
Tip: Use the Refresh option if you've been logged in for a while to make sure you are getting the most up to date listings for your market watch.
Remember: The market watch doesn't display your exact search criteria, so it's best to keep your search criteria broad and maybe use the Hotsheets where you are able to create names that are descriptive and visible.
Understanding the components of the Market Watch Status and Change Types:
Status/Change Types consist of,
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New Listings
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Incomplete to Active
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Coming Soon to Active
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Back On Market
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Temp Off Market to ACTIVE
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EXPIRED to ACTIVE
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WITHDRAWN to ACTIVE
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Price Increase
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Price Decrease
The Status Changes consist of,
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Pending
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Temp Off Market
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Withdrawn
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Coming Soon
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Sold
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Rented
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Canceled
The Property Types consist of,
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Cross Property - Search all the property types at one time.
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Residential – Search for Single Family, Condo, Coop listings (Also Mobile and Manufactured)
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Rental – Search for Residential Rentals
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Residential Income – Search for Multi-Family 2-4 Units
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Land – Search for Land listings
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Commercial – Search for Commercial Lease, Sale, Multi-Family 5+ and Business Listings
The Time Frame consist of,
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7 Days back from the current day
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3 Days back from the current day
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Today - 12 AM to current time
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24 Hours back from the current