A comprehensive analysis of 100,000 home sales across the Bright MLS area reveals that office exclusive listings fail to provide benefits to sellers, leading to longer sales times and no price advantages. The rise of such listings poses risks by limiting information access and creating market fragmentation. Notably, markets are influenced by various stakeholders with financial interests in promoting exclusive inventory. While Compass has made strides to increase access to these listings, the National Association of Realtors continues to uphold rules to maintain transparency, demonstrating the complex dynamics at play in real estate.
A recent report indicates no advantage to home sellers utilizing office exclusive listings, as they tend to sell slower and do not command better prices compared to listings promoted through MLS.
The recent trend towards more office exclusive listings poses potential harm to home buyers and sellers, as it restricts access to information and creates a fragmented inventory.
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