Agreed. Liquidity is good. The pocket listings may not be optimizing price for the seller, though they may minimize hassle.

It seems like it is healthiest for homes to be on the market for about two weeks. Part of the trouble with short-duration listings is that it is a high-stakes version of the optimal-stopping problem. I think a little more holistic visibility into the market's offerings might yield better matches between buyers and homes.

Choosing an abode for the next few decades amidst weekly auto-escalation bidding wars just doesn't seem healthy for the future dwellers.