08/31/2022
On v Off Market: From Bright MLS:
"Between 2019 and 2022, 83.4% of all home sales transactions took place on-MLS and sold for an average of 13.0% more than comparable homes sold off-MLS, amounting to an additional $45,741 to the seller for the typical home sold on the MLS over that period.
In 2021, on-MLS homes sold for an average of 14.8% more than off-MLS properties, a $55,779 premium."
As the market cools, the advantage of the open marketplace continues to increase with on-MLS properties selling for 19.7% more, on average, than off-MLS properties during the first quarter of 2022.