HUGHESVILLE, Md. -- The open marketplace provided by the MLS enables consumers to have a level playing field where they can see all properties, and have an equal chance to obtain them. Bright MLS recently released their 2023 On-MLS Study, in an effort to measure the benefits of an open and transparent housing market.

Here are some of the key takeaways from the study:

• Nearly all sellers list their homes on the MLS. Between 2019 and the first quarter of 2023, 84.0% of all homes sold were marketed and sold on the MLS.
• Homes sold on-MLS sell for more. Between 2019 and the first quarter of 2023, on-MLS homes sold for 17.5% more than comparable off-MLS homes.
• Listing on the MLS draws more competitive offers. On-MLS homes reach a greater audience and fuel competition, leading to a significant financial benefit for sellers who list on the MLS. In 2022, a typical on-MLS seller received $53,890 over what they would have gotten by selling off-MLS.

CLICK HERE TO READ THE FULL STUDY