SAN JOSE, Calif., April 3, 2013 /PRNewswire/ --
Realtor.com®, the leader in online real estate operated
by Move, Inc. (NASDAQ: MOVE), is celebrating 17 years of helping
people find their dream home. Since 1996, realtor.com®
has grown active users by more than 20 million, brought an
industry-leading mobile app to market and cultivated relationships
with more than 800 Multiple Listing Services (MLSs), more than any
other real estate website. Through these connections,
realtor.com® provides the most accurate and
comprehensive data in the industry, enabling consumers to search 98
percent of all for-sale properties listed in the U.S.
With homes selling as quickly as 14 days in the hottest markets,
access to accurate and timely data is critical to finding the right
home, rather than wasting time chasing properties that are no
longer for sale. Approximately 90 percent of listings on
realtor.com's mobile apps and website are updated every 15 minutes,
with the remaining listings updated daily. Realtor.com®
uses the 15-minute window to scrub data and ensure that new
listings are represented, duplicates removed and pending and sold
properties updated.
"Since realtor.com® has direct connections to more
than 800 MLSs, updates the majority of their data within a 15
minute timeframe, and does not include listings from sources known
for poor data hygiene, it is nearly impossible for anyone else to
beat them on a national level," said Victor
Lund, partner of the WAV Group, a leading consulting firm
for the real estate industry. "WAV Group has been monitoring online
accuracy, timeliness, and comprehensiveness of third-party listing
websites since 2008. We have specifically monitored the top sites
to understand if consumers were getting access to the highest
quality of listing information."
Home buyers are taking their search on the go. In the fourth
quarter of 2012, realtor.com® saw 90 percent
year-over-year growth in for sale properties viewed on mobile
devices. Direct mobile price alerts enable potential home buyers to
stay ahead of the competition with the most reliable information
available. Users can also search for nearby open houses with the
GPS feature, create custom searches in specified regions and save
searches and listings. Realtor.com's comprehensive, timely and
accurate data coupled with cutting-edge mobile features provides
home buyers with the tools necessary to find a property to call
home, even in today's accelerating market.
"With markets tightening and the housing sector starting to
rebound, the search for the perfect home is highly competitive.
Everyone is looking for that right-priced home with the big
backyard within walking distance of their favorite local haunts,"
said realtor.com® President Errol Samuelson. "Capitalizing on real-time
updates from our mobile app, our home buyers can find their dream
home 15 minutes after it hits the market. With homes in some
markets selling in weeks or even days, consumers run the risk of
seeing "active listings" on competitor sites that have already
sold. That spells heartache for buyers. With
realtor.com®, users can rest assured the home they're
viewing is available and submit an offer while other home buyers
might still be unaware the home is even for sale."
In the fourth quarter of 2012, each visitor to the
realtor.com® website viewed the site approximately four
times per month, more than 50 percent more than its next closest
competitors. In addition, approximately 95 percent of realtor.com's
web traffic in the fourth quarter of 2012 focused on properties for
sale, and visitors spent nearly one billion minutes on the site.
According to a report from comScore, in February 2013 website visitors to
realtor.com® spent an average of 33.4 minutes each –
more than each of its next closest competitors. In the fourth
quarter of 2012, realtor.com® also saw 90 percent growth
year-over-year in properties for sale viewed on mobile devices.
About realtor.com®
Operated by Move, Inc., (NASDAQ: MOVE), realtor.com®
helps connect people with the content, tools and expertise they
need to find their perfect home. As the official website of
the National Association of REALTORS®,
realtor.com® empowers consumers to make the
smartest decisions when it comes to finding a home by leveraging
direct connections with more than 800 MLSs to deliver the most
accurate and up-to-date listing information in neighborhoods across
the country, and by making timely and meaningful connections
between consumers and REALTORS®. Whether through
desktop, mobile, or tablet version versions,
realtor.com® is where home happens.
About Move, Inc.
Move, Inc. (MOVE) the leader in online real estate and operator
of realtor.com®, the official website of the National
Association of REALTORS®; Move.com, a leading
destination for new homes and rental listings, moving, home and
garden, and home finance; ListHub™, the leading syndicator of real
estate listings; Moving.com™; SeniorHousingNet; SocialBios;
TigerLead®; and TOP PRODUCER® Systems. Move,
Inc. is based in San Jose,
Calif.
SOURCE Move, Inc.