Multiple listing service

REdistribute Approaches 50% Multiple Listing Service Market Coverage

Retrieved on:

Wednesday, June 7, 2023

Technology, Residential Building & Real Estate, Construction & Property, Data Management, Multiple listing service, MLS, Organization, Insurance, Triangle, Chocolate liquor, Research Triangle, Data collection, Movement, Real estate, Redistribution

REdistribute , a Multiple Listing Service (MLS) joint venture that collects and distributes MLS data for institutional use, has secured data coverage of nearly 50% of the residential real estate properties in the country.

Key Points:

REdistribute , a Multiple Listing Service (MLS) joint venture that collects and distributes MLS data for institutional use, has secured data coverage of nearly 50% of the residential real estate properties in the country.
REdistribute enables users to innovate their products and services using cleaner, more timely property data to better serve consumers.
“REdistribute has secured agreements with some of the most active markets in the country with additional markets joining every month,” said Amy Gorce, Acting CEO of REdistribute.
In contrast, REdistribute pulls data from participating Multiple Listing Services, where real estate professionals update property listings daily.

UtahRealEstate.com Launches New Photo Intelligence Technology

Retrieved on:

Friday, June 9, 2023

Multiple listing service, MLS, Database, Artificial intelligence, AI, URE, Automation, Online shopping

SANDY, Utah, June 9, 2023 /PRNewswire-PRWeb/ -- UtahRealEstate.com (URE), one of the nation's largest Multiple Listing Services (MLS), today unveiled its next level of MLS photo intelligence. Leveraging the Restb.ai platform, URE members can now have their photos instantly scanned to display the following data: photo descriptions, room types, and photo tagging.

Key Points:

Leveraging the Restb.ai platform, URE members can now have their photos instantly scanned to display the following data: photo descriptions, room types, and photo tagging.
Brad Bjelke, CEO of UtahRealEstate.com, said, "We wanted to lead the real estate industry in using artificial intelligence to transform the search experience for our members and the clients they serve.
This innovation improves efficiency and time-savings for MLS Members while it also enriches consumers' search experience by offering unique, valuable data sets.
The future of real estate is here and it's powered by Restb.ai."

New York Residential Closed Median Sale Price Increases by 4.00% between March and April

Retrieved on:

Monday, May 22, 2023

MLS, Catskill, Hudson Valley, Statistics, County, Sale, Multiple listing service, Condo, Hudson, IQVIA, Real estate

FARMINGDALE, N.Y., May 22, 2023 /PRNewswire/ -- OneKey® MLS is the one source real estate marketplace for monthly statistics for residential real estate transactions from Montauk to Manhattan, north through the Hudson Valley and the Catskill Mountains. For April 2023, OneKey MLS reported a regional closed median sale price of $575,000, a 4.00% increase as compared to the $553,175 reported in March 2023. Between March 2023 and April 2023, closed regional sales transactions, including residential, condo, and co-op sales, decreased to 3,160 from 3,612, representing a decrease of 12.50%. Across the region, pending sales transactions declined in a month-over-month comparison as well, reaching 4,759 in April, 8.50% fewer pending transactions than the 5,203 reported in March.

Key Points:

For April 2023, OneKey MLS reported a regional closed median sale price of $575,000, a 4.00% increase as compared to the $553,175 reported in March 2023.
Seven of nine counties reported an increased closed median sale price in a month-over-month comparison, while two counties reported a decreased median sale price.
Sullivan (+15.80%), Bronx (+8.90 %), Suffolk (+5.70%), Queens (+4.80%), Orange (+3.60%), Nassau (+1.70%), and Rockland (+0.30%) Counties reported month-over-month increases in closed median sale price.
Westchester (-1.30%) and Putnam (-10.10%) Counties reported month-over-month decreases in closed median sale price.

Miami Real Estate Luxury Home Sales Continue Surging Ahead of Pre-Pandemic Levels; 45% of All Miami $1M+ Sales Have Happened Since March 2020

Retrieved on:

Thursday, May 18, 2023

MIAMI, May 18, 2023 /PRNewswire-PRWeb/ -- Miami-Dade County $1 million+ luxury home sales continued outperforming pre-pandemic levels as total median sale prices rose once again as the market leads the nation in real estate appreciation, according to April 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Key Points:

About 45% of all Miami luxury sales have happened since March 2020, the start of the pandemic.
"Rising mortgage rates and the banking distress in March tripped up April's home sales," MIAMI REALTORS® Chief Economist Gay Cororaton said.
Cash sales represented 37.9% of Miami closed sales in April 2023, compared to 43.8% in April 2022.
Cash sales accounted for 50.5% of all Miami existing condo sales and 22.7% of single-family transactions.

Texas new home market remains robust as sales climb again

Retrieved on:

Thursday, May 18, 2023

MLS, Commerce Department trade mission controversy, Multiple listing service, New home sales, Report, Realtors Association of Hamilton-Burlington, Anomaly, Chocolate liquor, DOM, United States Department of Commerce, Drug, Real estate, Cryptocurrency

The 3-month moving average of new home sales in Texas for April was 5,537 versus 4,903 new homes sold in March.

Key Points:

The 3-month moving average of new home sales in Texas for April was 5,537 versus 4,903 new homes sold in March.
In April of 2022, Days on Market in the four largest markets in Texas averaged 58.47 days.
“Most new Homes are listed during construction, resulting in a higher average Days on Market than existing home sales,” Caballero said.
The report features 3-month and 12-month moving averages for six essential market data, including Days on Market, sales volume, sales prices, a sales-to-list price ratio, pending sales, and active listings.

Better Homes & Gardens Gary Greene's Broker Associate Shad Bogany Receives National Association of REALTORS Omega Tau Rho Award

Retrieved on:

Tuesday, May 2, 2023

Housing, Texas Association, Multiple listing service, Colored Teachers State Association of Texas, Radio, National Association, Gary Green (sports owner), Property management, Real estate, Julia Bogany

Houston, Texas--(Newsfile Corp. - May 2, 2023) - Shad Bogany, a broker associate with Better Homes & Gardens Gary Greene and team leader of the Shad Bogany Team, has been honoured with the prestigious National Association of REALTORS Omega Tau Rho award for his extensive service to the real estate industry.

Key Points:

Houston, Texas--(Newsfile Corp. - May 2, 2023) - Shad Bogany, a broker associate with Better Homes & Gardens Gary Greene and team leader of the Shad Bogany Team, has been honoured with the prestigious National Association of REALTORS Omega Tau Rho award for his extensive service to the real estate industry.
He was the chairman of the Texas Association of REALTORS in 2013 and served as the association's top officer on the Texas Association of REALTORS Leadership Team.
Bogany is especially passionate about affordable-housing initiatives, which is evident in his history of service to the state association.
He has chaired the Texas Association of REALTORS Housing Initiatives Committee and was also chairman of the Equal Opportunity Committee.

SentriLock and Rental Beast Announce Partnership

Retrieved on:

Monday, May 1, 2023

MLS, Chocolate liquor, Multiple listing service, Ecosystem, National Association, Partnership, Property management, Renting

CINCINNATI, May 1, 2023 /PRNewswire/ -- SentriLock, the official lockbox of the National Association of REALTORS®, and Rental Beast, the exclusive rental technology provider for the National Association of REALTORS®, have announced a partnership that will make Multiple Listing Service (MLS) platforms specifically compatible with managing rental listings, providing unprecedented functionality for renters, investors, and property owners.

Key Points:

CINCINNATI, May 1, 2023 /PRNewswire/ -- SentriLock, the official lockbox of the National Association of REALTORS®, and Rental Beast, the exclusive rental technology provider for the National Association of REALTORS®, have announced a partnership that will make Multiple Listing Service (MLS) platforms specifically compatible with managing rental listings, providing unprecedented functionality for renters, investors, and property owners.
Through this integration, SentriLock users will now have the added capability to conveniently assign electronic lockboxes to their rental property listings directly from the Rental Beast platform, which powers the MLSs' Add/Edit functionality.
Our partnership with SentriLock is designed to make the agent or REALTOR® the power user as it pertains to rentals," said Ishay Grinberg, CEO and Founder of Rental Beast.
"Our partnership with Rental Beast aligns perfectly with SentriLock's core values of providing innovative solutions to make the real estate industry more streamlined and user friendly," said Scott Fisher, CEO and Founder, SentriLock.

Miami Real Estate Posts 7th-Best March in County History; Total Sales Surge Ahead of Pre-Pandemic Levels

Retrieved on:

Friday, April 21, 2023

MIAMI, April 21, 2023 /PRNewswire-PRWeb/ -- Miami-Dade County posted its seventh-best March sales month in county history as total sales surged ahead of pre-pandemic numbers and Miami price appreciation led the nation, according to March 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Key Points:

Miami sold 2,513 total homes in March 2023, which is the seventh-most all-time in the month of March in county history.
March 2023 total sales are also higher than the Miami-Dade average number of sales in the month of March all-time.
Miami total home sales decreased 36.2% year-over-year in March 2023, from a historic 3,939 transactions in March 2022 to 2,513 in March 2023.
Short sales and REOs accounted for 0.2% and 0.9% year-over-year, respectively, of total Miami sales in March 2023.

Texas new home market proves to be “tenacious” as sales climb

Retrieved on:

Wednesday, April 19, 2023

Commerce Department trade mission controversy, Multiple listing service, New home sales, Report, Realtors Association of Hamilton-Burlington, Chocolate liquor, DOM, United States Department of Commerce, Drug, Real estate, Cryptocurrency, MLS

The 3-month moving average of new home sales in Texas for March was 4,903 versus 4,585 new homes sold in February.

Key Points:

The 3-month moving average of new home sales in Texas for March was 4,903 versus 4,585 new homes sold in February.
Last March, Days on Market averaged 59.02 days in the four largest markets in Texas.
“Texas new home sales are tenacious,” said Caballero, pointing to both cyclical demand and economic growth statewide as contributing to market tenacity.
The report features 3-month and 12-month moving averages for six essential market data, including Days on Market, sales volume, sales prices, a sales-to-list price ratio, pending sales, and active listings.

High-Pressure Spring: Competition Intensifies in Canada’s Luxury Real Estate Market as Buyer Demand Surges

Retrieved on:

Wednesday, April 19, 2023

TORONTO, April 19, 2023 (GLOBE NEWSWIRE) -- Canada’s luxury real estate market saw muted sales activity in the first quarter of 2023, as a shortage of housing supply across every spectrum of the market compelled real estate sellers and buyers to delay market engagement to the second quarter. The country’s major metropolitan areas are primed to see a resurgence of newly pre-qualified and highly motivated home buyers across the luxury and conventional markets this spring, as those who paused their activity in 2022 renew their search, albeit with an empowered mindset that will deter significant price escalation. Despite buoyant consumer confidence and a level of demand that would typically prime the market for healthy activity, a deficit of property listings is expected to place a ceiling on potential spring sales, hampering the housing needs and aspirations of Canadians.

Key Points:

Sales activity in the City of Vancouver’s luxury real estate market remained calm in the first quarter of 2023, a trend widely anticipated by both the real estate industry and consumers.
According to Sotheby’s International Realty Canada, however, pent-up demand for both luxury and conventional housing is intensifying, and consumer confidence in the city’s real estate market remains buoyant.
The return of bidding wars in premier neighbourhoods in the city’s conventional and luxury real estate market amplified anxiety for prospective homebuyers.
For more information on Sotheby's International Realty Canada and the Top-Tier Real Estate: Spring 2023 State of Luxury Report, contact: