MLS Deals, PropertyRadar

Inman News Reports on off MLS Deals – Find in PropertyRadar

There has been a revival of media coverage about off-MLS deals (also known as Pocket Listings) as mentioned in Inman News… “study says off MLS deals cost home sellers big bucks” by Andrea V. Brambila, citing multiple studies in California and nationwide.

Pocket Listings - Off MLS Deals

We think these studies deserve careful scrutiny. For example the study above makes a meaningless comparison between average and median prices, which, although interesting, is not a statistically valid analysis. Still, there is no doubt that off-MLS sales are happening in most markets, and likely impacting your business. Curious by how much? We make it super easy to find out. And you can even do a better job then they did, as we DO filter out non-arm’s-length’s transactions.

       Find off-MLS sales in just 4 easy steps using PropertyRadar:

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  • Your point about their relatively meaningless comparison between average and median prices was well appreciated, and it reminds me that we do need to keep these things in mind when looking at new reports. Some companies may feel pressured to include irrelevant stats in their reports if they are crunched for time and need to get them released. Or it simply could have been an error in judgement on their part.

  • MLS Deals, PropertyRadarColleen Dalton says:

    Good point Stephen. Always good to apply critical thinking to publications and reports. Thanks for the comment. Colleen