StreetEasy cuts "Days on Market" metric from its listings

March 23, 2020
Share this Post: 

New York-based property portal, StreetEasy, original explained that its decision to cut out the "Days on Market" metric for its listings was a "tactic of obscuring, obfuscating or hiding basic facts."

StreetEasy will strike its days-on-market clock from listings, the company told agents. The move comes after previously insisting that doing so would compromise its integrity.

In an email to agents acknowledging the severity of the Coronavirus pandemic, the Zillow-owned portal said it would replace the “Days on Market” field with “Counting Suspended.” It will also temporarily remove open house promotions from listings, search results and customer emails.

StreetEasy cited Gov. Andrew Cuomo’s executive order barring employees of non-essential businesses from reporting to work. At an Albany press conference, he specifically called out real estate agents, instructing them to stop showing apartments as of 8 p.m on Sunday.

StreetEasy said in the email:

“For a relationship-driven industry, we understand this poses new challenges and restricts everyone’s ability to conduct normal face-to-face real estate activities We will revisit our policy and how best to reintroduce accurate Days on Market data once this situation normalizes.”

Recently, the New York Residential Agent Continuum called on StreetEasy to stop the days-on-market counter. The portal kept the metric online at the time, but the Real Estate Board of New York heeded NYRAC’s call.

Read more here

March 23, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Zillow Green Shoots
Finally Some Good News for Zillow! Homes Sell-off Going Well and Company to Buy Back $750m Worth of Shares

Zillow has been taking a battering recently. Since revealing its decision to wind down its iBuying business along with a...

Read More
Zillow No Sale
Zillow Reneges on Pledge and Cancels 400 Offers Contracts

According to local press reports from Phoenix Arizona, Zillow's iBuying division is cancelling agreements to buy around 400 homes and...

Read More
Portal Products We Like Edited
7 Great 'Under the Radar' Property Portal Products

At OnlineMarketplaces we get sent a lot of press releases around new portal products and, if we're being honest, sometimes...

Read More
Rentpay Skyline
Rent.com.au Signs Agreement to Have Leading Rentals Agency Promote its End-To-End RentPay Product

Australian rental portal and end-to-end specialist Rent.com.au has announced that it has signed an agreement with prominent rental management agency...

Read More

Popular News