The real estate company Redfin was hired recently to assess homes for sale accuracy of sites like Realtor.com, Trulia and Zillow, Zillow.com and their study found that approximately 36% of the listings shown as active on Zillow and Trulia were no longer for sale in the local MLS, compared with almost 0% on local brokerage websites. The study further found that brokerage sourced listings using their local MLS feed displayed 100% of the MLS homes listed for sale on their websites but Trulia only displayed 81% and Zillow 79%. So let me summarize – over 1/3rd of the listings you are seeing are NOT ACTUALLY FOR SALE and you only get to see 4/5th of the listings that are actually for sale. LOL. I could go on but really there’s no need. Obviously anyone searching for properties in a city would like to have access to all of the listings that are for sale and none of the ones that aren’t.
Bad Data on Homes for Sale from Real Estate search firms Zillow and Realtor.com
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