Real EstateMortgage

Here are the top 20 for-sale-by-owner markets

Realtors? They don’t need ‘em

Some of the nation’s most expensive markets are also the ones where homeowners are choosing to eschew the traditional methods of real estate and sell their homes without the help of a Realtor, real estate agent or broker, according to a new report from, a subsidiary of Altisource Portfolio Solutions (ASPS).

According to data, 2014 saw a significant increase in self-directed real estate sales. One of the main reasons for going it alone in the real estate game? Saving money.

According to the report, sellers saved on average $9,500 in commissions by selling their own home instead of using an agent.

Another reason for the increase in for-sale-by-owner listing is advancements in technology, said.

“Real estate had not changed for nearly 100 years, but technology has helped remove many of the barriers in the industry. Today, consumers can finally conduct their own research, make informed decisions and ultimately buy and sell homes with substantially lower transaction costs,” said Steve Udelson, president of “Empowered consumers are leveraging technology to take control and save time and money in the process.”

According to, the top 20 real estate markets where consumers sold their homes using its self-directed flat fee multiple listing service model in 2014 is topped by New York, where the average list price is $496,576.

In terms of volume of homes listed by owner, Chicago ranks second and carries an average list price of $307,755. Also cracking the top 20 are Washington, D.C., which carries an average listing price of $454,240, and Boston, which carries an average listing price of $441,130.

Check out the rest of the top 20, ranked by volume of homes listed by owner and listed with average listing price.

1. New York – $496,576

2. Chicago- $307,755

3. Tampa-St. Petersburg-Sarasota – $225,717

4. Dallas-Ft. Worth – $255,414

5. Philadelphia – $272,961

6. Atlanta- $279,379

7. Detroit – $257,314

8. Cleveland – $208,669

9. Phoenix – $261,978

10. Washington, D.C. – $454,240

11. Orlando-Daytona Beach-Melbourne – $231,449

12. Miami-Ft. Lauderdale – $356,177

13. St. Louis – $209,561

14. Denver – $368,783

15. Kansas City – $201,111

16. Boston- $441,130

17. Los Angeles – $499,030

18. Nashville – $246,428

19. Greenville-Spartanburg-Asheville – $240,473

20. Charlotte – $226,092

Most Popular Articles

If Biden wins, what happens to Fannie and Freddie?

If former Vice President Joe Biden wins the White House, what will happen to the Trump administration’s plans to free Fannie Mae and Freddie Mac from conservatorship? For now, more conservatorship, said Jaret Seiberg, managing director of Cowen Washington Research Group.

Sep 14, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please