Zillow listings soar
I have been trending the Zillow listings "For Sale" and "Make me Move". The are soaring nationwide. The owner of Zillow put the Travel Agents out of business by launching Expedia.com. Looks like he is well on his way to putting Realtors out of business by using Zillow. If you have not been on there lately check out the aerial photos. They have amazing clarity.
Jan. 15th: Home for sale listed on www.Zillow.com was 26,400
Feb. 15th: Home for sale listed on www.Zillow.com was 41,800
Today: Home for sale listed on www.Zillow.com was 50,600
The listings almost doubled in 1.5 months.
Do you think this trend will continue or is Zillow a flash in the pan.
posted by Dr. Jeff Lazarus MD at 3:14 PM
5 Comments:
Sometimes new tech will
put old tech out.
Death of Mainframe vs Client Servers.
I suspect there will even be
better tools than zillow
we have yet to see.
But yes, its a new world but has legal barriers. Due to Govt regulations set up by realtors lobby, tech companies like Ebay are unable to do RE business in states because they have no represatives in said regions. Once the regulations disappear this opens possible new ways to do business.
I hope so I hate lazy, lying, ignorant, real estate clerks. Send 'em all back to Payless to sell shoes.
If Zillow (or any competing service) can cement a reputation as an "objective" (i.e. their algorithm for valuing homes is trusted) source of home values and is as widely used or more, I think it will be a big factor. Hooray for free markets! Along with tools like Domania (which I think is a valuable counterpart to Zillow), we're seeing individual buyers get access to info they would otherwise not be able to analyze normally--who's going to go to the recorder's office and really dig deep? It's a move toward a more efficient market.
With regard to Got regulations and the Realtors lobby, can you say the word FREE?
Make it free, there are plenty of programming geeks who are married to web designers (IE me), who have the ability to do this. However, at some point we have to figure out how to use the technological infrastructure to make a little money and keep things going. Rotating banner ads are so 90’s and early 2000. Plus people are just sick of ads. Drudge seems to pull it off pretty successfully, without being annoying (referring to the advertisements of course).
Probably not surprising, but these numbers pale in comparison to now:
Top Cities For Sale Make Me Move™
Orlando 3,480 741
Seattle 1,797 1,730
Miami 3,622 525
U.S. Total 1,067,907 113,888
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