Boston Entry Only MLS Listing Goes Under Agreement Fast

We recently brought you news of one of the latest Boston condominiums to hit the MLS for sale, it was a South End Boston flat fee MLS listing at 85 Dartmouth Street. The FSBO seller listed the duplex condo for $970,000 using our flat fee MLS service – so the seller was able to get their condo listed for sale in the MLS, garnering the exposure that the MLS provides, but avoid paying a commission to a listing broker.

85 Dartmouth Street Unit 1 has already gone under agreement, with days on market (DOM) of 9, selling three times faster than the average South End condominium being listed for sale by a traditional listing agent charging a typical real estate agent commission.

Boston Flat Fee MLS Listings Prove Effective

Staying in the South End of Boston, let’s compare and contrast condominiums that have sold or are under agreement using a traditional full commission approach versus an entry only MLS flat fee listing approach.

Over the past 6 months there have been 426 condominiums that have either sold or are currently under agreement to be sold. 99.3% of these condos were transacted under a full commission sales approach. The average days on market (DOM) (i.e. how long it takes to find a buyer and sell) for those full commission listings is 28 days with an average price per square foot of $704.

Contrast that to the 3 condominium listings of the 426 that were sold using an entry only MLS approach (i.e. where the seller is a FSBO and does not pay a real estate agent commission to a listing broker, but rather, pays a one-time flat fee to get their home into the MLS). The average days on market (DOM) for the 3 flat fee MLS listings in Boston’s South End is 22 days with an average price per square foot of $751.

Boston entry only MLS condo listings in the South End are selling approximately 19% faster and for 6% more per square foot than condos being listed and sold with Realtors for a full commission.

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