“A pocket listing is essentially a privately sold home,” says Amber Taufen, managing editor at HomeLight’s Buyer Resource Center, an advice blog for home buyers. Instead, agents market pocket listings to other agents in their office or to an exclusive network of buyers. Pocket listings, however, don’t appear on these sites because they never get plugged into the MLS. Once a house is posted on the MLS, it’s automatically shared with other agents and on aggregate listings sites like Redfin, Zillow, and. Normally, agents register listings with their local multiple listing service (MLS), a regional database of homes for sale. Pocket listings - also called office exclusive listings or off-MLS listings - are properties that are never made available to the general public. The technique is known as a pocket listing and it’s becoming more common.
You read that right - some sellers are reducing how many house hunters can compete for their home. In today’s sizzling housing market, some sellers are taking the unconventional approach of intentionally limiting their house’s visibility to prospective buyers.
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