Realtor.com, the leader in online real estate operated by Move, Inc., is upgrading its listings database to a new technology that tracks data at a property level (instead of a listing level) giving a more comprehensive view of a specific property’s history, such as price drops and previous times it has been listed for sale. Additionally, this new database processes aggregate data more frequently (instead of merely at month end) allowing realtor.com to be more nimble and proactive with its insights into the housing market.
Additionally, this upgrade quickens the process and consolidation of data that is received from more than 800 Multiple Listing Services (MLSs), increasing the granularity by which we can see changes in the markets helping to increase the accuracy of the snapshot of the current housing market. With these insights into the broader state of the national housing industry, realtor.com helps consumers stay informed on the real estate market as they evaluate future home buying decisions.
“Realtor.com’s relationship with over 800 MLSs has made us a source for reliable real estate listings data for over 17 years. We also have Find software agreements with many of them that give us increased access to more data,” said Steve Berkowitz, chief executive officer of Move. “Now, with this database upgrade and regular aggregation at a property level, we can provide an even more precise snapshot of market trends that allows consumers to make smart and informed decisions.”
Approximately 90 percent of listings on realtor.com’s mobile apps and website are updated every 15 minutes, with the remaining listings updated at least daily. In that 15-minute window, Realtor.com adds new listings, removes duplicates, and updates pending and sold properties.