Industry NewsTechnology

Social networking sites gobble more traffic

Traffic to real estate sites down 24%
Published on Jun 22, 2010

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by CareyBot

Social networking sites and websites hosting forums grew their market share by nearly 62 percent during the year ending in May -- the largest gain among any real estate-related category, according to a new quarterly report from online metrics firm Hitwise.

Visits to websites in the real estate category during May were down 24.3 percent from a year ago -- the 12th consecutive month of year-over-year traffic declines dating to June 2009, the report said.