Traditionally, the term “pocket listing” referred to a situation in which a property seller and real estate broker signed a listing agreement that allowed the broker to offer the property for sale, but keep the information out of the MLS and, figuratively, keep the information in his or her pocket.
A Pocket Listing is a listing that doesn’t show up on the MLS.
Nowadays, the term is sometimes used more broadly to refer to properties that are offered for sale without a listing agreement or use of the MLS.

With the housing market in big cities is as hot as it is, and inventory at near record lows, pocket listings are becoming more common.

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