| From Inman.com: A report commissioned by property search company Roost found that property information can vary widely in volume and accuracy among online sites, with some sites showing a small fraction of the for-sale properties in a given market area.Prepared by WAV Group, a real estate consulting company, the report found that some online sites are missing a majority of the properties that real estate professionals have listed for sale in industry-operated multiple listing services, and that property information at some online sites is far less accurate or current than broker-shared property data derived from area MLSs.
The study focuses on a range of online sites that offer property search tools for consumers, including Google, Roost, Trulia, Yahoo and Zillow. Site comparisons in the study are based on searches conducted for single-family resale homes with exactly three bedrooms and two bathrooms in three market areas: Dallas, Miami and San Diego.Additionally, different price points were selected in each of the market areas in an effort to equalize sample sizes of search results within each market area to about 100 homes. Searches were performed on each site on the same day within "as short amount of time as possible," WAV Group reported..... Full Article: Source
|