Explore the 2023 On-MLS Study

Findings from Bright’s 2023 On-MLS Study underscore what we learned from last year’s study: that both buyers and sellers benefit from the transparency of an open housing marketplace facilitated by the MLS.

From ensuring access to a more complete selection of available homes to fueling faster sales and stronger offers, the benefits of listing on-MLS are indisputable.

 

Here are some of the key takeaways from the study:

• Nearly all sellers list their homes on the MLS. Between 2019 and the first quarter of 2023, 84.0% of all homes sold were marketed and sold on the MLS.
• Homes sold on-MLS sell for more. Between 2019 and the first quarter of 2023, on-MLS homes sold for 17.5% more than comparable off-MLS homes.
• Listing on the MLS draws more competitive offers. On-MLS homes reach a greater audience and fuel competition, leading to a significant financial benefit for sellers who list on the MLS. In 2022, a typical on-MLS seller received $53,890 over what they would have gotten by selling off-MLS.

READ THE COMPLETE STUDY

Get Your Clients On Board

Armed with the facts from this study, you’re ready to tell your clients about all the benefits of buying and selling on the MLS. We’ve put together some downloadable resources to help.

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Past Studies

• 2022
• 2021