Zillow's new research highlights a dramatic financial consequence for home sellers who choose to sell outside the Multiple Listing Service (MLS). The findings show that, over the last two years, sellers not utilizing the MLS left more than $1 billion in potential earnings. On average, homes sold off the MLS realized $4,975 less than those listed, indicating a median loss of 1.5%. This trend is particularly acute in areas like California where sellers may forfeit upwards of $30,000 by bypassing the MLS.
Zillow's research indicates that home sellers who opted out of the MLS faced substantial financial losses, totaling over $1 billion collectively in the last two years.
Homes sold off the MLS, on average, lost sellers about $4,975 or 1.5% less than those listed on the MLS, with California sellers losing significantly more.
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