Off-market real estate transactions refer to property sales that are not publicly advertised or listed on the Multiple Listing Service (MLS). These transactions happen privately, often through direct negotiations between the buyer and seller or with the help of an agent who specializes in such deals. |
But just how many deals happen off-market? |
To better understand off-market sales, ResiClub reached out to the data pros at BatchService, a fast-growing property intelligence and technology company. Their data scientists analyzed home sales in their extensive database. |
In total, around 1.2 million U.S. home sales this year have been done off-market, according an analysis by BatchService. That includes 175,363 in Texas, 123,637 in Florida, and 62,923 in Georgia. |