I’ve noticed a new trend in the Boston condo for sale market that is shocking, if you’re a Boston condo seller, please read on.

Zillow, did a recent study on homes that were sold, but not on the Boston MLS. The result, on average a home in Massachusetts that wasn’t sold place on MLS grid sold 20,171.00 dollars less than those were on MLS.

How does listing your Boston condo for sale apply to Compass. Well, Compass doesn’t list your Boston condo for sale on MLS for the first two weeks. Thus, a new listing may not engage in a bidding war, as fewer and fewer Boston condo buyers won’t have access to your listing.

Below is an interesting email I received

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I was just sent this press release from Zillow about a new study they conducted:

New Zillow research reveals a significant financial impact on home sellers who did not list their properties on the Multiple Listing Service (MLS). Over the past two years, sellers who transacted off the MLS collectively left more than $1 billion on the table.
The study examined home sales from 2023 and 2024, finding that homes sold off the MLS typically sold for $4,975 less than those listed on the MLS, a median loss of 1.5% nationwide. The loss is much more significant in some areas; sellers in California, for example, typically gave up more than $30,000 selling off the MLS.

This is obviously a potent salvo in the “CCP War” that is being fought right now. Zillow has taken a very pro-CCP position; in fact, what Zillow wants is not just CCP as it is, but Super CCP that eliminates the “office exclusive” exemption.

The headline reads, “Off-MLS Home Sellers Left More Than $1 Billion on the Table the Past Two Years.” Dude, that’s serious money. It is compelling as hell.