Industry NewsTechnology

Long & Foster launches neighborhood reports

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Chantilly, Va.-based brokerage Long & Foster Real Estate Inc. has launched free market reports by ZIP code, the company announced Tuesday. The launch is an expansion of the Long & Foster Market Minute reports, which include units sold, active inventory, median sale price, months of supply, new listings, new contracts, list-to-sold price ratio, and days on market. The reports previously only covered about 100 counties in the Mid-Atlantic region and now covers more than 500 ZIP codes. The reports use data from the nation's largest MLS, Rockville, Md.-based Metropolitan Regional Information Systems Inc. (MRIS). Consumers can sign up for a free subscription to receive a report for their county or ZIP code every month. Jeffrey S. Detwiler, president and chief operating officer of The Long & Foster Companies, said in a statement, "The expansion of the Long & Foster Market Minute reports to neighborhood-level data means that consumers can clearly see not only what...