"The researchers looked at over 700,000 home sales in the Dallas and Fort Worth area over a 20-year period. They identified homes that were sold privately, meaning the deal was done before the home ever went on the MLS, and compared those sale prices to homes that went through the normal MLS process."
"The report claims: Private listings get sellers more money. The report's exact words: The CCP succeeded in eroding the economic value of the pocket sale entirely the net premium falls to roughly 0.9 percent statistically indistinguishable from zero."
A University of Georgia report claims private home listings sold off the MLS achieve higher prices. However, deeper analysis reveals that after the Clear Cooperation Policy was implemented, the price advantage diminished significantly. The report indicates that the net premium for private sales fell to approximately 0.9%, which is statistically indistinguishable from zero. This suggests that the initial findings may be misleading, as the policy changes have eroded the economic benefits of private listings.
Read at www.housingwire.com
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