Zillow Data: Off-Market Listings Fared Worse in Diverse Neighborhoods
Off-MLS listings appear to generate lower sale prices than publicly listed ones in majority-minority neighborhoods, according to new research from Zillow.
Startup Offers Off-Market Leads
Can you mine new housing inventory and leads for real estate agents from homes whose owners haven’t even made the firm decision to sell? That’s the bet a new local startup is making.
Startup Offers Mass. Buyers Chance to Bid on Off-Market Homes
A new tech startup is launching in Massachusetts today, built around the idea that homeowners might be more willing to sell their homes if they get a real bid “out of the blue.”
Report Suggests NAR Pocket Listings Policy Has Failed
A new report from Broker Resource Network, a trade group for residential real estate brokerages, suggests the National Association of Realtors’ efforts to stem potentially discriminatory off-market listings is having the opposite effect.
Alternatives Exist to Problematic Off-Market Listings
Off-market listings have gained significant traction in Massachusetts over the last year. They clearly picked up advocates during the pandemic, as listing scarcity elevated demand and a sense of urgency among buyers.
Pocket Listings Are Sinister, and Have No Place in Real Estate
In this red-hot, historic seller’s market, something sinister is afoot. A business practice that slick real estate agents are promoting to “make the sale easier” on their seller clients.
Why Didn’t the Pandemic Slow Down Off-Market Sales?
As home sales have soared, off-market listings – on the rise before the pandemic – have continued unabated, despite the National Association of Realtors’ approval last November of a Clear Cooperation Policy and a near-guarantee of bidding wars for MLS-listed houses.
As Off-Market Listings Grow, Agents Must Enhance a Key Skill
The number of new public listings in Greater Boston has seen a decrease since 2018. For real estate professionals, this trend can seem daunting, but there are effective approaches to increase your chance of success in a climate favoring off-market transactions.
