Unveiling St. Louis MSA Stats
MARIS, the regional MLS, holds the key to the actual number of office exclusive listings, a piece of data that remains hidden from public view and member brokers alike. However, through meticulous data compilation over the past 12 months, we found that out of 21,732 residential listings sold, 1,895—or 8.7%—appeared to be office exclusive. This conclusion was drawn from the fact that these listings had zero days on the market, meaning they went pending or under contract the same day they were listed. This typically indicates a sale process outside the MLS’s traditional search framework, pointing towards office exclusivity or similar methods.
The Seller’s Dilemma
As we highlighted in our prior article, while office exclusive listings might seem advantageous for maintaining privacy and exclusivity, they often don’t serve the seller’s best interests. “The only sellers who truly benefit from office exclusive listings are those who do not want the general public to know their home is for sale,” we noted. In reality, limiting exposure usually translates to fewer offers and potentially lower sale prices. This is particularly perplexing in a market like St. Louis, where high-profile sellers, who might prioritize privacy over price, are not as common. Thus, it’s surprising—and perhaps concerning—that nearly 1 in every 11 homes sold in the past year took this route.
Your Best Interests at Heart
At MORE, REALTORS®, our commitment to you, the seller, is unwavering. We believe in maximizing your property’s exposure to achieve the highest possible price. Our agents adhere strictly to fiduciary principles, ensuring that your interests always come first. By leveraging the full spectrum of marketing tools available, including the traditional MLS listings, we strive to deliver exceptional results tailored to your needs.
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