Overstock.com moves into real estate

Closeout retailer claims 3 million property listings

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Overstock.com Inc., which sells excess inventory of consumer goods like clothing and furniture, has entered the real estate space with a dedicated listings channel that claims nearly 3 million properties, including distressed, foreclosure and auction homes.

The Overstock.com real estate channel claims 2.9 million properties, including 2.6 million residential listings. Of those, 1.96 million are single-family homes, 246,000 are condos and townhouses, and another 73,720 are multi-unit properties.