off-market meaning: definition | English Dictionary

off-market

adj

a term used to define a property that is selling, or has already been sold, without any public advertising.

2020, Caroline James, What is an off-market sale?, realestate.com.au He says learning about off market properties can be “a very power tool” for property investors, who are often looking to snap up a bargain.
2022, Myra Butterworth, Not just for the rich and famous: Selling off market now attracts one in ten sellers - with the average secret sale price at £850,000 - but why do it?, dailymail.co.uk With more off-market properties securing a sale quickly, fewer homes are being advertised more widely later down the road.

noun

A property available for sale, but not publicly advertised or widely promoted.

2020, Caroline James, What is an off-market sale?, realestate.com.au Off market means the home can be bought if its owner is presented with an acceptable offer but has decided not to promote the fact.

adv

an indication that a property is selling, or was sold, without any public advertising.

2020, Caroline James, What is an off-market sale?, realestate.com.au Selling your property off market is not an ideal way to achieve the maximum price – it’s often a last-minute choice.
2021, Nicole Madigan, Selling off-market: new research shows whether it's worth it, eliteagent.com In Sydney, houses sold off-market achieved prices 2.7 per cent lower than other sales, while they sold for 4 per cent less in Melbourne and the ACT.

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.