Sometimes change is not noticeable but the effects are...case in point. Then, the change may not matter or be part of a cycle. Each should find their place

I'm not aware of this study - 13 years is no longer relevant in my opinion. 

With the right sample and the right statistician, nearly any argument can be made with statistics.

Unfortunately far too many of these arguments are made with samples that are to small or biased.

After the Great Depreciation of 2007-2011 we saw a plethora of discount brokers emerge that were coming anyhow, they were just delayed by hard work being required in the market. So, it's more that technology and cloud based low end discount brokers have saturated our markets and forced us to compete with lower fees. If we can't communicate our value, it's price that wins. People seek value (and many, not all,  are greedy too).

I think as a Real Estate Agent I look at Discount Agents like they are lower than the sludge at the bottom of a sewer. 

Oh boy,  I won't speculate on this. 

Annette,

We agree with both Richie Alan Naggar,Michael Jacobs and Nina Hollander .

I think it may have something to do with whoever is gathering and interpreting the data.

that's history....doesn't always repeat itself.... not relevant now...

and I made a bundle during the crash... banks in my area worked with the builders.... they all survived and we sold out on 5 subdivisions.... 

Thank you for sharing this information. 

Really interesting hypothesis. We have buyer commissions ranging from 2-3% and I'm curious if there's a correlation with DOM and sale price/listing price ratio.

Not knowing how these data were acquired, by whom, how the numbers were massaged, I can't provide any opinion as to what happened. And as Michael Jacobs said, 13 years is no longer relevant... too much has changed.

Interesting. Naysayers will tell you that historical data doesn't matter but, indeed, it does - in everything we put our investments into (and housing is no different). 

That said, I would guess that the answer probably has more than one answer. Two that I can think of would be that one, the consumer is more internet savvy and two, more discount brokerages have emerged. 

Not only are internet savvy consumers forming their own knowledge base but, the internet itself has become more relevant altogether.

I'm with Thomas on this one.

In Miami in new construction we have some condos with 10% commission to the buyers agent. Does not help. They still on the market. 

Richie Alan Naggar nailed this one!

Not sure it can be properly assessed. Too many variables!

I think the 2005 study is flawed. 

My 2cents is that it absolutely does affect it. I've seen it myself here in my market but .... most of those listings are from an out of area broker that is also pricing what the seller wants not what the market says. So ... could also be the agent just takes the listing, doesn't think coop is important & is proven wrong again & again.

Only problem, these guys don't care as they are a one shot agent - in & out in an area & that's it.

I am more concerned with the current conditions than antiquated studies.

I don't believe the results of either study. Just some new people trying to sell more manure to the real estate community.

Methinks I have not had enough coffee for this question.

I'll have to look here in this Q&A post at the answers as I'm not sure.

I think DOM is one of the most worthless statistics in real estate.

interesting but guess true.

Have no idea.

I would be very curious to read these two different reports could you share the URL either here or directly with me Annette Lawrence , Palm Harbor, FL 727-420-4041 

One possible answer might be in the very different markets going on at those times... there was FREZIED buying in 2005 and while 2015 was a Seller's market nearly everywhere buying was NOT frenzied

If the study is notlocal...I don't call it relevent to my area

More information is available online.

Two different studies with two different methodologies seperated by 10 years.  Have the people who did the first study redo it and see what the findings are following the exact same procedures and those results would be more interesting. 

Annette Lawrence , Palm Harbor, FL 727-420-4041 - it depends on the market! 

There are NO discounters in the world of Realty--there are different brokerage fees charged by different companies.  The new surge of web-based companies, if they had their way, would do away with all of us and have a telemarketer charge them a one time fee substantially less than you all are charging now. The tech future of real estate is to ELIMINATE Realtors/Agents. All you folks who flock to Inman Connect to get the latest and the greatest don't have a frickin' clue what's coming at you. 

What happend?