HOUSINGNEWS REPORT
THE OFF-MARKET HOUSING MARKET
MLS SHARE OF SINGLE FAMI LY SALES IN LOS ANGELES COUNTY
PUBLICLY RECORDED DEED SALES
MLS SALES COUNTS
MLS SHARE OF SALES
70,000
96%
94%
93%
94%
60,000
91% 90% 90%
90% 92%
92%
50,000
86%
90%
40,000
88%
86%
30,000
87%
84%
84%
20,000
82%
10,000
80%
78% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
0
SOURCE: FIRST TEAM REAL ESTATE, ATTOM DATA SOLUTIONS
According to the 2016 edition of the National Association of Realtors (NAR) Profile of Home Buyers and Sellers, “only eight percent of recent home sales were FSBO sales again this year. For the second year, this is the lowest share recorded since this report started in 1981.” Grassroots Disruption But the picture is markedly different at the local level in markets where MLS disrupters like REX and others are operating. Single family home sales listed on the MLS represented 89 percent of single family home sales deeds recorded in Los Angeles and Orange counties combined, according to an ATTOM Data Solutions analysis of public record
“Only eight percent of recent home sales were FSBO sales again this year. For the second year, this is the lowest share recorded since this report started in 1981.”
NATIONAL ASSOCIATION OF REALTORS PROFILE OF HOME BUYERS AND SELLERS
deed data and MLS data provided by First Team Real Estate, the largest independent brokerage in California. That indicated about 11 percent of all single family sales in the region were not listed on the MLS, down from 13 percent in 2015 but up from a low of 8 percent in 2008.
numbers when it came to share of sales not on the MLS. The number of non- MLS listed sales were much higher in Orange County at 19 percent than in Los Angeles County at just 8 percent — on par with the national average provided by NAR for 2016.
The disparity between the two counties boils down to “the lack of listing
But each of the two Southern California counties had substantially different
3
OCTOBER 2017 | ATTOM DATA SOLUTIONS
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