Homes.com President David Mele Departs

David Mele has left his role as President at Homes.com to pursue opportunities beyond the real estate industry.

Mele leaves after 10 years of leadership at Homes.com, during which time he oversaw the portal's acquisition by CoStar Group in 2021 and subsequent successes that have seen Homes.com become a serious competitor in the United States' residential portal scene.

CoStar CEO Andy Florance confirmed Mele's departure, stating that the Group was "grateful to David Mele for his contributions to Homes.com and that the team wishes him the best in his future endeavors."

Florance will likely move quickly and seriously to replace Mele as CoStar continues its public and ruthless fight for market leadership in the States.

Homes.com has recorded excellent growth since it was monetized—with a membership subscription offering—earlier this year, attracting circa 8000 signups in Q1 2024. The portal has also entered a neck-and-neck web traffic race with Realtor.com and, with heavy financial backing and momentum as a tailwind, a new President at Homes.com will be expected to drive further growth, increased revenues, and clear traffic leadership over Realtor.com as CoStar targets Zillow.