New Listings Dropped 11 Percent as Virus Hit
New home listings in Massachusetts dropped over 11 percent year-over-year in March, according to data provided to Banker & Tradesman by the state’s largest multiple listings service.
New home listings in Massachusetts dropped over 11 percent year-over-year in March, according to data provided to Banker & Tradesman by the state’s largest multiple listings service.
State officials updated their guidance for real estate agents last week, clarifying what is – and isn’t – allowed under Gov. Charlie Baker’s order that all “non-essential” businesses must close their physical doors for the duration of the COVID-19 pandemic.
Unfortunately, as we head into 2020, it looks like the pocket listings trend is accelerating, hurting nearly everyone in the real estate industry.
An influential group of multiple listings service operators from around the country warn “the multiple listing service as we know it is in jeopardy,” but many Massachusetts real estate agents aren’t so sure.
Ensuring trust in the system of rules that govern the world is one of the most important – if not the most important – things a governing body is charged with, and one of the most difficult.
The National Association of Realtors’ board on Tuesday voted on a measure intended to crack down on the practice of “pocket listings,” where a real estate agent declines to list a sale on a multiple listings service, and instead markets the sale within a separate, informal network of brokers or others.
MLS Pin has launched a real estate search site which allows members of the general public to search for homes directly.