Industry News

Consumers gain access to Manhattan real estate listings

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Consumers in the Manhattan real estate market are gaining access to a broader range of online property listings through a new service launched by the Manhattan Multiple Listing Service Inc. Manhattan MLS, owned by the Manhattan Association of Realtors, today formally announced the creation of an Internet data exchange (IDX) system that allows brokers to advertise their listings and other brokers' listings on their Web sites. The system is voluntary, reciprocal and mutual. While Internet exchanges of property listings are common in many markets across the country, the Manhattan real estate market has never before been home to an IDX network. Laura Rubinfeld, association executive for the Manhattan Association of Realtors, said, "We have fallen in lockstep with the rest of the country." The advantage of IDX is that sellers can get more online exposure for their listed properties, according to an association announcement. "Sellers and landlords who list with one of the MLS firms who part...