Pocket Listings Vs Coming Soon Homes for Sale
August 22, 2022
For anyone wanting to buy a home in Portland before 2019, pocket listings were a common practice here and across the country until the National Association of Realtors effectively banned them. In essence, this type of listing consisted of privately owned homes on the market that agents kept “secret” lists of and shared with small pools of potential buyers, including their own clients. What we now call “coming soon” homes replaced the practice of pocket listings. With this newer type of listing, a seller’s agent can list the home in the MLS before it goes public so buyer’s agents in the area can give potential buyers a heads up about the coming property. No showings can happen until the home...