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kaylarose | 11 years ago
For instance, I knew an offer we had made on a house was going to fall through when I got an alert from Redfin half hour after sending the offer, that the house was pending. Similarly - I found, toured, offered, and signed on a house (and was alerted to the "new listing", "pending", and "sold" status by redfin) before Zillow even had is registered as "For Sale".
So I am genuinely curious how their feeds differ from the rest. I originally assumed they all just scraped the MLS, but maybe this isn't the case...?
zippergz|11 years ago
gdudeman|11 years ago
smackfu|11 years ago
gdudeman|11 years ago
We monitor Estately's feeds very closely. When we do head-to-head testing, we're ahead of Redfin with updates over 50% of the time.
I'll email you for follow up. Thanks for bringing this to our attention!
GlennKelman|11 years ago
To answer your question about Zillow, Trulia and Redfin: Zillow and Trulia are media portals; Redfin is a brokerage, started by software entrepreneurs but with our own real estate agents to represent people buying or selling a home.
As a brokerage, Redfin has complete access to the local Multiple Listing Services (MLSs) used by brokerages and their agents to list homes and record sales. In addition to MLS listings, Redfin shows for-sale-by-owner listings, foreclosures, and new-construction listings, but most of the listings on our site come from MLSs.
There are hundreds of local MLSs, each with different data publication rules, but nearly all MLSs only accept as members brokerages willing to contribute their own listings to the MLS database. As a result, Redfin has the most complete and most timely listing data of any major real estate app or website, but only covers about half the U.S.
Zillow and Trulia get some listing data through services that syndicate a selection of listings from the MLS and some by asking real estate agents to upload their listings. A variety of studies, sponsored by Realtor.com, ZipRealty and Redfin, have shown that Redfin and other MLS-powered sites have significantly more agent-listed homes than the portals; Redfin also gets data much sooner, both to show new listings and to recognize when old listings have been sold.
http://bits.blogs.nytimes.com/2012/10/03/on-big-real-estate-...
Hope this helps to answer your question! Best, Glenn
dshensky|11 years ago