The number of flat fee entry only MLS listings sold year to date in Massachusetts is approaching record levels. The Massachusetts for sale by owner (FSBO) market is currently on pace to surpass record levels of homes sold via entry only MLS listings (i.e. FSBOs selling their own homes without the help of a Realtor) that date back to 2010.
The info-graphic above chronicles the number of entry only MLS listings that sold in Massachusetts, across various property types, in the years from 2010 through 2013 year to date (YTD). With approximately two (2) months remaining in the 2013 calendar year, the number of properties listed for sale by a FSBO without a Realtor in the official MLS system of Massachusetts, called MLS Property Information Network, that have actually sold has reached 1,300. FSBOs across Massachusetts are poised to break a record volume of homes sold without the help of a Realtor listing agent, a volume and sales velocity record that dates back to 2010.
Boston Entry Only MLS Listings
Where Boston goes, oftentimes the state of Massachusetts follows. In the below info-graphic, you’ll see the number of entry only MLS listings that sold specifically in the city of Boston (and all its neighborhoods) across the various property types since 2010. What we’re seeing is that while FSBOs are currently on pace to see a year over year increase in Boston entry only MLS listings sold, we’re not seeing Boston progress as quickly as the rest of Massachusetts as it relates to velocity of flat fee MLS listings.
The difference in velocity of Boston entry only MLS listings as compared to the state of Massachusetts could be for any number of reasons. What we can say with certainty is that Boston condos listed for sale in the MLS using a flat fee MLS approach are going under agreement quickly – read more about a recent South End Boston entry only MLS listing that went under agreement three times faster than similar condos listed for sale by traditional real estate agents charging a full commission.