Zillow recently reports nationwide statistics show a steady decline in the number of transactions by discount brokers. According to their internal report it is a significant decline that does not appear to be slowing down. The reason given is consumers overall have not been happy with the process or outcomes of their buying and selling experience.
NAR recently reports that flat fee brokers have not grown in the market these four years in the “good times”. Their market share continues to be two percent. Further, other reports suggest that as the market cools down and there is an increased market supply that some homes listed by non-full service brokerages are the last to sell since the properties have not been marketed and staged to the full benefit for the seller, and consequently may not also receive top dollar.
- Compiled Reports, September 2017