For each time period, the appraiser should report the days on market for the listings reported on line three above.
The historic listing information required to complete the entries in the first two columns is not available in many MLS systems, which is why these fields are gray and designated as optional by Fannie Mae. Note that some clients require completion of these fields. Various entities offer software to assist in compiling and reporting this data. Refer to the discussion of software tools later in this publication for more information on that topic.