Industry NewsTechnology

Quantity, quality vary at real estate search sites

Study: Some sites serve up stale, inaccurate property info
Published on Aug 27, 2008

A report commissioned by property search company Roost found that property information can vary widely in volume and accuracy among online sites, with some sites showing a small fraction of the for-sale properties in a given market area. Prepared by WAV Group, a real estate consulting company, the report found that some online sites are missing a majority of the properties that real estate professionals have listed for sale in industry-operated multiple listing services, and that property information at some online sites is far less accurate or current than broker-shared property data derived from area MLSs. The study focuses on a range of online sites that offer property search tools for consumers, including Google, Roost, Trulia, Yahoo and Zillow. Site comparisons in the study are based on searches conducted for single-family resale homes with exactly three bedrooms and two bathrooms in three market areas: Dallas, Miami and San Diego. Additionally, different price points were sele...

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