Houses that are never even listed are selling fast, experts say. They’re called “whisper listings.”
Whisper listings are residential properties released directly to a broker who only allows specific clients to view the home. It’s not advertised publicly or listed on the area’s multiple listing service (MLS).
It’s an attractive option for sellers who don’t want to go public, don’t want their privacy disturbed or are hoping for a quick sale. But it leaves out other buyers who aren’t in that small circle of clientele and makes the housing supply even more limited for those searching the public market.
The controversial practice has been around for several years,…