Report on Real Estate Websites Issued

The WAV Group, a real estate consulting company, recently released a report regarding online sites that offer property search tools for consumers. The conclusion was that a site based on information from a LOCAL Multiple Listing Service (MLS) will give consumers more accuracy in terms of what’s available in a local market.

In the “MLS” world, Brokers like Nothnagle, who are part of a local MLS, are allowed to set up “IDX-Powered Sites” that display all of the area listings — both Nothnagle’s as well as other Brokers participating in the MLS. The report found that these Broker IDX sites, such as Nothnagle.com, are the most accurate with an average 96% – 98% accuracy rating.

Many of the national aggregator sites and national franchise sites were found to only display a fraction of the for-sale properties and/or the listing information was outdated (i.e. the properties were already sold).

Many sites claimed to have millions of listings on their site, but when tested they often had below 3,000 listings.

Nothnagle.com displays up-to-date listing information and features nearly all of the listings in the Greater Rochester region. Through Nothnagle.com, you can easily contact one of our agents to get more information on any of the properties that appear on the site.

One response to this post.

  1. Thanks for the coverage of this important topic.Victor LundPartnerWAV Groupblog: http://waves.wavgroup.comSite: http://www.wavgroup.com

    Reply

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