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Home sellers who didn’t list on the MLS lost $1B in sale proceeds: Zillow

Housing Wire

Home sellers who did not list their properties on the MLS lost out on more than $1 billion in sale proceeds over the past two years, according to a study published Monday by Zillow. In 2023 and 2024, Zillow found that sellers who chose not to list on the MLS typically lost out on nearly $5,000, selling their property for 1.5%

MLS
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Zillow will begin banning noncompliant listings on June 30

Housing Wire

Zillow will begin a phased rollout of its listing access standards policy, which bans publicly marketed listings not entered into the MLS , on May 28. In a blog post on Tuesday, Zillow offered agents some clarifications and guidance on its new policy and how it will be implemented. markets before expanding nationwide over the summer.

MLS
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New-home sales hit highest level since 2021

Housing Wire

Still, higher new home sales doesnt begin to offset the gap left by existing-home sales, which were at an almost 30-year low in 2024 at 4.06 Home builders were able to offer prospective buyers concessions, including rate buydowns, to entice them to new home communities.

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Existing-home sales finish a dismal year on a high note

Housing Wire

million home sales annually, said Bright MLS Chief Economist Lisa Sturtevant in a statement. New construction has not been able to keep up with demand. Over the past decade, the U.S. has averaged about 5.2 It is going to take years before we are back at that level, maybe not even until the 2030s.

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Agents say Cape Coral’s housing market is correcting, not crashing

Housing Wire

.” Inventory comparisons, insurance cost relief Data provided to HousingWire by the Royal Palm Coast Realtor Association (RPCRA) and Florida Gulf Coast MLS (FGCMLS) shows Cape Coral’s available inventory sitting at 3,046 as of June. The new construction is all up to code for flooding and everything else as opposed to older homes.”

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Housing completions were up in 2024, a bright spot for builders

Housing Wire

While new construction picked up between November and December, there are still headwinds in the homebuilding sector, Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. Despite the declines, single-family starts and permits jumped 3.3% month over month to annual paces of 1.05

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Century 21 expands in Kansas

Housing Wire

His brokerage currently ranks 11th in the local MLS by sales volume. His firm has become known locally for its commercial real estate services, but it also offers residential sales, farm and ranch transactions, new construction and property management across a wide region — from Kansas City to Wichita.