Technology

The secret ‘gray market’ of inventory (and how to tap into it)

January 14, 2026 5 min read views
The secret ‘gray market’ of inventory (and how to tap into it)

Katie Hill isn’t your typical real estate disruptor. She’s not trying to kill the MLS, launching another listing portal or cutting out agents. In fact, she’s trying to help them.

In this episode of Real Estate Insiders Unfiltered, CEO of Unlisted, Hill, explains the bold new platform connecting buyers with potential sellers before they ever hit the market.

Hill’s background in direct mail, digital marketing and startup advising uniquely positioned her to spot a massive opportunity in the market: Homeowners who might sell,  just not yet. 

Unlisted lets buyers express interest in any home in the U.S., not just the ones for sale. Homeowners can then see who’s interested, update their home profiles, and respond if and when they’re ready. It’s a softer, earlier conversation that captures the “gray zone” between “just thinking” and “ready to sell.”

Unlisted isn’t trying to replace real estate agents; it’s giving them a new front door into consumer conversations before they’re ready to list.

Highlights

In this episode:

  • How a pool, a pandemic and a bold question inspired a whole new real estate model
  • What makes the “gray zone” of real estate so valuable (and overlooked)
  • Why the future of selling your home could start with a waitlist
  • How to use direct mail right in 2025
  • Why agents should get excited (not feel threatened) by this new lead source
  • The 3 groups of gray-zone sellers most agents are missing
  • What Zillow got wrong with “Make Me Move”
  • Why real estate isn’t Amazon and shouldn’t be

Plus: Real talk on startup life, rejection as fuel and why planning is often just fear wearing a tie.

This is a must-listen for forward-thinking agents, brokers and innovators.

Connect with Katie Hill on LinkedIn. Learn more about Unlisted on LinkedIn, Facebook, Instagram and online unlistedhomes.com.

Real Estate Insiders Unfiltered is now exclusively on Inman. Tune in for agent- and team-focused content on Mondays and leadership interviews on Wednesdays each week. Listen on Apple or Spotify.

James Dwiggins is the Co-CEO of NextHome, Inc. and co-host of Real Estate Insiders Unfiltered.

Keith Robinson is the Co-CEO of NextHome, Inc. and co-host of Real Estate Insiders Unfiltered.

Follow Real Estate Insiders Unfiltered Podcast on Instagram, YouTube, Facebook or TikTok, and subscribe to their YouTube Channel.  

Topics: leadership | Zillow Show Comments Hide Comments Sign up for Inman’s Morning Headlines What you need to know to start your day with all the latest industry developments Sign me up By submitting your email address, you agree to receive marketing emails from Inman. Success! Thank you for subscribing to Morning Headlines. Read Next James Dwiggins and Keith Robinson, hosts of the Real Estate Insiders Unfiltered podcast. ‘What’s the worst-case scenario for the industry?’ 2 leaders answer ‘ask me anything’ questions How this team leader closes 950 deals a year on cruise control How this team leader closes 950 deals a year on cruise control How one of California’s largest brokerages hit 90% retention without chasing headcount How one of California’s largest brokerages hit 90% retention without chasing headcount Compass founding broker on how 3-phase marketing works in NYC Compass founding broker on how 3-phase marketing works in NYC More in Agent inflation is changing buyer behavior How inflation is changing buyer behavior — and what agents can do  real estate listing marketing 5 ways to stop listing anxiety from wrecking your price, process, profit Redfin CEO Glenn Kelman is stepping down from the company Redfin CEO Glenn Kelman is stepping down from the company Latest Consumer Price Index data leaves door open for March rate cut Latest Consumer Price Index data leaves door open for March rate cut

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