How Common Are Off-Market Home Sales?
Off-market home sales are becoming increasingly common in the U.S. as more sellers opt for private transactions. This year, approximately 1.2 million homes have been sold off-market, according to the ResiClub blog. Off-market transactions occur privately without public listing on the multiple listing service (MLS), often involving direct negotiations between buyer and seller or agents specialized in these deals. This year, Texas, Florida, and Georgia saw the most off-market transactions, with 175,363, 123,637, and 62,923 home sales, respectively. As Austin Stowell, a Texas-based real estate agent, puts it:
“I don’t think it can be understated the importance of the off-market data. So much of Austin trades off-market it would shock you. I’d say 40% of homes over $2M trade off the MLS.”
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