More than 600,000 multiple listing service members who use CoreLogic’s Realist public-record database will soon have access to an analytics suite developed by RealEstate Business Intelligence LLC that includes interactive charts, in-depth statistical reports and marketing solutions.
Thanks to a business partnership between CoreLogic and RBI, starting this spring Realist users will have access to RBI’s analytics platform from within the Realist Market Trend report, allowing them to combine MLS data with property tax records in data visualizations that provide insight to clients and market to prospects over social media channels.
Realist users will be able to present statistics on pricing trends, including median purchase price to current value percentage for all homes sold in a given year; percentage of properties where the purchase prices are above or below the current value of the home; and median sale price, median list price, median sale price to original list price ratio, and median price per square foot.
Market activity reports will show the number of properties sold in a given period within a specified geographic area, annual change in sales activity; and annualized turnover rate — an indication of the amount of participation in the market relative to the supply of eligible homes.
Distressed properties reports will show the combined number of properties in all stages of foreclosure (pre-foreclosure, auction, or REO) in a geographic area; the foreclosure rate change from one quarter to the next; the combined percentage of properties in all stages of foreclosure in a defined area; and the percentage of properties in each stage of foreclosure for the most recent quarter.
Realist users will also have the option of subscribing to a "premium suite" powered by rbiEXPERT. Subscriptions to the CoreLogic MarkeTrends premium suite will be offered to individual users, and as MLS-wide site licenses.
CoreLogic says the premium analytics suite is "for agents craving more detailed statistics for their locale. Users have access to dashboards, interactive charts they can segment by home type and characteristics, and ready-to-go PDF reports for any ZIP code, city, or county in their MLS region."
Five years of historical data will be available to premium subscribers in quarterly and monthly increments.
CoreLogic says it will integrate RBI solutions into additional MLS products, starting with the InnoVia MLS system this summer.
RBI LLC is a subsidiary of Rockville, Md.-based Metropolitan Regional Information Systems, Inc. (MRIS), which serves more than 40,000 real estate professionals in the mid-Atlantic region, including Maryland, Virginia, Washington, D.C. and parts of Pennsylvania, Delaware and West Virginia.
"The bottom line is this tool brings very valuable and actionable market insights to real estate professionals to make sure they’re at the center of the real estate conversation and transaction in today’s hyper-speedworld," said John Heithaus, MRIS chief marketing officer, in a statement.
Heithaus said MRIS is also working with 1000Watt and W&R Studios on their Nudge app "to use communications tools like this to get the information from the professional system (such as CoreLogic Matrix and Realist) to the consumer quickly and efficiently. We think this represents the next generation of what MLS systems should and could do."