WAV Group Reports On Accuracy Of Online Listings
There is an interesting debate going on over at TechCrunch regarding a WAV Group study on the accuracy of online real estate listings. Glenn Kelman of Redfin even departs some wisdom in the comments.
I don’t intend to fan any flames with this post, but just wanted to point out the obvious. The MLS aggregators seem to have much better accuracy than the MLS circumventors. Of course, these terms are somewhat relative, but you can figure out who’s who in the chart below.
You can also see which of the MLS’ have a tighter lock on their data. For the most part, these areas are represented by distinct boards and the hoops you have to jump through to acquire the data is reflected quite well.
Even though Roost commissioned the study, it’s obvious that working with the MLS has greater benefits than working against the MLS. This is the same stance we have at PropertyMaps.
Accuracy of Online Real Estate Listings
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4 Responses to “WAV Group Reports On Accuracy Of Online Listings”
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Great Comments!
Spot-on interpretation. Clearly you get it
Victor,
Very informative study. I appreciate your insights and the ensuing buzz surrounding the findings. Well done.
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I am impressed with the actual MLS integration by real estate brokers. The fact that this site is showing a 2% error margin on your real estate listings compared to the potential 40% error margin that the aggregator sites have really says something.