Tip of the Week – Price Change Alerts in Matrix

Reducing the price for one of your listings in NorthstarMLS Matrix? If you want it to show with the red down arrow (or blue up arrow for a higher price) in Matrix search result grids, Hot Sheets and Client Portals, the price must be changed by at least a half percent (.005) of the original listing/asking price. 

For example, if your listing is priced at $300,000, it would need to be lowered by at least $1,500 for it to show up in search results with the price reduction arrow (like in the screen shot below).

Whenever you see the price change arrow for a listing in the Single Line Grid, click on it for a quick pop-up showing you the original, immediately prior and current price, and the date of the current price change. (In the Hot Sheet and Market Watch displays, simply hover over the arrow. In the Client Portal, hover over the gold Price Change banner.)

Thanks to NorthstarMLS subscriber Teri Eckholm of Boardman Realty for her recommendation of this week’s Tip of the Week. Teri will receive a $30 Caribou Coffee gift card.


Submit Your Own Tip! Do you have a question that you would like to see featured a Tip of the Week? Or maybe you have your own tip you would like to share with other NorthstarMLS users. Send your question or idea to tips@northstarmls.com. We will use one submission each month and the winner will receive a $30 Caribou Coffee gift card!


Tips On Demand Want to check out older Tip of the Week topics? Click here to view an archive of previous Tip of the Week entries.

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Tip of the Week — Market Watch and Hot Sheets in Matrix
NorthstarMLS Matrix offers two handy search tools on your Matrix Home Screen for quick access to local market information — Market Watch and Hot Sheets. Market Watch shows a detailed view of changes in the local market. These changes include new listings, canceled listings, price changes and more. Hot Sheets provide you with changes to the daily or weekly market activity that you can save as a saved search for easy access. More about each of these tools below. Market Watch If you’re looking to keep up with what’s happening in a certain area of the market, use Market Watch. Use the dropdown (left side) to select your search type — Single Family, Multi-Family, Farm, etc (as seen in screen shot below). The number of listings available for each search type is in parenthesis. You can see what’s happened in the entire market in the last 24 hours, or adjust it for different time frames – using the dropdown (right side). Use the information with your clients or for growing your own knowledge of the market. You can also use the “Customize” button to narrow it down to a certain area or price range — add Additional Fields using the Add/Remove tool. Click on “Reset” to restore your settings to default. Hot Sheets Hot Sheets offer quick access to information about your market, and they make it easy for you to check in on various market segments whenever you log into Matrix. To access the Hot Sheets click one of the Property Type links on the Hot Sheets tool as shown below: NorthstarMLS Matrix provides 6 default Hot Sheets — one for each search type. You have the ability to customize up to 10 Hot Sheet searches. Unlike the Market Watch, you won’t see the number of new listings next to the search. You will need to click the link of the Hot Sheet you want to view each time you want to see a report of the changes and updates of a particular search. Give them a try next time you’re using NorthstarMLS Matrix!
Want to check out older Tip of the Week topics? Click here to view an archive of previous Tip of the Week entries.
Submit Your Own Tip! Do you have a question that you would like to see featured a Tip of the Week? Or maybe you have your own tip you would like to share with other NorthstarMLS users. Send your question or idea to tips@northstarmls.com. We will use one submission each month and the winner will receive a $30 Caribou Coffee gift card!
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Our next spotlight of upcoming NorthstarMLS Matrix 6.7 enhancements (coming mid-August) is improvements to the Hot Sheets widget. Check out our brief preview video and get a look at these improvements to Hot Sheets.

Click here to watch the video on Hot Sheet Improvements
(Video Duration = 2 minutes 43 seconds — For better quality, click on the cog wheel and switch to ’720p HD’)


NorthstarMLS Matrix Enhancement Videos OnDemand Missed one of our past Matrix 6.7 enhancement videos? No worries, we have posted them arranged in a Playlist on our YouTube channel. Check them out if you’d like to refer back to them or view them on your own time.

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