Study Shows Homes Marketed Through the MLS Sell for 16.98% More
✉️ Want to forward this article? Click here.
Bright’s On/Off MLS Study reveals that the median price for homes promoted through the multiple listing service (MLS) was nearly 17% higher than homes sold off-MLS.
What does the power of the Multiple Listing Service mean for consumers? Bright MLS has always known the power of the MLS network, and past studies have shown that homes shared cooperatively on the MLS sell for more. Bright’s footprint covers three major Metropolitan Statistical Areas (MSAs), providing the data to support a comprehensive study to examine home sales results.
A diverse team of experts assembled and analyzed data from across the coverage footprint compared sale prices for homes promoted through the MLS with comparable homes sold off the MLS.
The findings are clear: homes promoted through the MLS sell faster and for more money. Information is the lifeblood of a market, and at Bright MLS, our purpose is to share information that empowers buyers and sellers.
Cooperation amongst the brokers and agents who are Bright MLS subscribers is one of the pillars of our organization, and we strive to ensure an open, clear, and competitive housing market for all. The valuable findings in this report conclusively demonstrate the power of this cooperation and the benefits of an efficient and accessible market.
See other articles related to: bright mls
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/study-shows-that-homes-marketed-through-the-mls-sell-for-1698-more/18555.
Most Popular... This Week • Last 30 Days • Ever
Monument Realty and Mosaic Realty Partners redevelopment plans for a surface parking ... read »
Plans to convert a downtown DC office building into a large apartment project continu... read »
Another missing middle development has been proposed along Brookland's main throughfa... read »
Maybe it was falling interest rates or perhaps more homes hitting the market, but buy... read »
Kite House at The Parks at Walter Reed sold seven residences in September alone. The ... read »
- 235-Unit Development With Public Park Pitched For Downtown Bethesda Looks To Move Forward
- 400-Unit Office-To-Residential Conversion Pitched in DC's West End Heads To BZA
- From One Home to 9 Apartments Along Brookland's Main Drag
- September Surge? Home Sales Pick Up In DC Area, But It May Not Last
- A No Down Payment Assistance Program at Kite House, DC’s Best Selling Condominium
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro