Multiple listing service

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
Citadel, Beacon Council (award), MLS, State, REO, AGI, Partnership, Housing, IRS, REO Motor Car Company, NAR, Statistics, Multiple listing service, Fintech, Microsoft, Florida Department, Sale, Blackstone, Freddie Mac, News, Beacon Council, Drug, Video game, Cryptocurrency, Real estate, Property management, Locksmithing, Rare-earth element

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
Prairie, MLS, Uncertainty, The Conference Board, Quebec, Housing, Estate agent, GTA, Sale, CREB, Multiple listing service, Depression, City, GDP, Conference, Growth, Real, Population growth, Video game, Real estate, Auction, Property management, Greater Toronto Area

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:

New York Residential Closed Median Sale Price Holds Steady while Pending Transactions Increase Significantly in March

Retrieved on: 
Tuesday, April 18, 2023
MLS, Catskill, Haggerty, Hudson Valley, Statistics, County, Sale, Multiple listing service, Condo, Hudson, IQVIA, Real estate

FARMINGDALE, N.Y., April 18, 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 March 2023, OneKey MLS reported a regional closed median sale price of $550,000, representing no change as compared to the figure reported in February 2023. Between February 2023 and March 2023, closed regional sales transactions, including residential, condo, and co-op sales, increased to 3,525 from 3,046, representing an increase of 15.70. Across the region, pending sales transactions rose in a month-over-month comparison as well, reaching 5,268 in March, 35.70% more pending transactions than the 3,883 reported in February.

Key Points: 
  • For March 2023, OneKey MLS reported a regional closed median sale price of $550,000, representing no change as compared to the figure reported in February 2023.
  • Six of nine counties reported an increased closed median sale price in a month-over-month comparison, while three counties reported a decreased median sale price.
  • Westchester (+7.90%), Putnam (+6.00%), Rockland (+3.70%), Queens (+2.50%), Bronx (+1.90%), and Nassau (+0.80%) Counties reported month-over-month increases in closed median sale price.
  • Suffolk (-3.20%), Orange (-4.80%), and Sullivan (-16.70%) Counties reported month-over-month decreases in closed median sale price.

REdistribute Develops Unique Multiple Listing Service Data Offering

Retrieved on: 
Wednesday, April 5, 2023
Professional Services, Data Management, Technology, Data Analytics, Residential Building & Real Estate, Construction & Property, Multiple listing service, MLS, Organization, Insurance, Chocolate liquor, Data collection, CRS, Cryptocurrency, Real estate, Redistribution

REdistribute enables these businesses to innovate on cleaner, more timely data on a modern technological architecture to better serve consumers.

Key Points: 
  • REdistribute enables these businesses to innovate on cleaner, more timely data on a modern technological architecture to better serve consumers.
  • In contrast, REdistribute pulls data from participating Multiple Listing Services where real estate agents must promptly update property listings for changes.
  • “REdistribute has disrupted the traditional real estate data collection and distribution model, while simultaneously bringing innovation to the property data market,” said Matt Casey, President and CEO of CRS Data.
  • “REdistribute is the best resource for timely and accurate property listing data available in the country today,” said Amy Gorce, Acting CEO of REdistribute.

March home sales rebound to 2022 levels across Indiana as homebuyers continue their return to the market

Retrieved on: 
Wednesday, April 12, 2023
Multiple listing service, Pressure, IAR, Wheeler, Federal Reserve responses to the subprime crisis, Federal Reserve, Sale, Cryptocurrency, Real estate

INDIANAPOLIS, April 12, 2023 /PRNewswire/ -- Indiana home sales continued their 2023 recovery in March as a statewide total of 6,643 closings fell just 72 properties (1%) shy of 2022. Both monthly sales and new listings increased more than 30% from February, although the state's daily average of homes listed for sale dropped near 9,200 as homebuying activity continued to accelerate in 2023.

Key Points: 
  • "Homebuyers continue to come off the sidelines in 2023 despite higher mortgage rates," said IAR president Lynn Wheeler.
  • Wheeler noted that while recent sales momentum has impacted inventory, statewide average listings remain more than 60% higher than March 2022 or 2021.
  • IAR CEO Mark Fisher explained that elevated mortgage rates are impacting buyers and sellers despite recovering home sales in 2023.
  • IAR's March 2023 Market Report summarizes monthly trends on existing home sales, price changes, listings and total inventory.

Rental Beast launches Maine Listings’ rental platform

Retrieved on: 
Wednesday, March 29, 2023
Apps, Applications, Technology, Construction & Property, Professional Services, Software, Networks, Internet, Data Management, Residential Building & Real Estate, Other Professional Services, Multiple listing service, Renting, Tenant, Property management

Rental Beast announced today a new technological integration with Maine Listings, the Multiple Listing Service serving over 6,700 real estate professionals in Maine.

Key Points: 
  • Rental Beast announced today a new technological integration with Maine Listings, the Multiple Listing Service serving over 6,700 real estate professionals in Maine.
  • Rental Beast gives agents access to powerful tools, helping them build those relationships while monetizing the rental market: premium syndication, customizable rental website, easy-to-use application and tenant screening, rental-centric education, and more.
  • “I have no doubt our members will succeed in this space with Rental Beast!”
    MaineListings.com will include a new rental feature , powered by Rental Beast, which will give renters access to hundreds of listings to potentially call home.
  • “Our integration with Maine Listings opens up a whole new world for real estate professionals in the area,” said Ishay Grinberg, CEO and Founder of Rental Beast.

Restb.ai Launches AI-powered Property Descriptions for US Real Estate

Retrieved on: 
Thursday, March 30, 2023
MLS, Brannen, Natural language processing, LLM, Multiple listing service, NLP, Sale, Publishing, FHA, Chocolate liquor, API, Research, Property management, Real estate

PHOENIX, March 30, 2023 /PRNewswire/ -- Restb.ai is launching its groundbreaking AI-powered Property Descriptions technology for the US and Canadian real estate industry, making it easier than ever for agents to automate the time-consuming task of creating property listing descriptions.

Key Points: 
  • PHOENIX, March 30, 2023 /PRNewswire/ -- Restb.ai is launching its groundbreaking AI-powered Property Descriptions technology for the US and Canadian real estate industry, making it easier than ever for agents to automate the time-consuming task of creating property listing descriptions.
  • "Creating listing descriptions has long been a time-consuming process, taking agents up to 30 minutes or longer to complete but now our Property Descriptions solution can generate complex and creative descriptions in mere seconds."
  • MLSs and MLS vendors can easily pass photos and basic listing information to the Restb.ai API, instantly receiving ready-to-use property descriptions.
  • Over the past five years, Restb.ai's technology has produced more than 100,000 property descriptions for its global client base.

Texas new home market “seeks balance” as Days on Market rise, prices soften as builders increase buyer incentives, agent bonuses

Retrieved on: 
Wednesday, March 22, 2023
Commerce Department trade mission controversy, Multiple listing service, New home sales, Report, Realtors Association of Hamilton-Burlington, Chocolate liquor, Caballero, DOM, United States Department of Commerce, Real estate, Cryptocurrency, MLS

The 3-month moving average for Days on Market for the four largest markets in Texas hit 92.15 days in February versus 83.29 days in January.

Key Points: 
  • The 3-month moving average for Days on Market for the four largest markets in Texas hit 92.15 days in February versus 83.29 days in January.
  • Last February, Days on Market averaged 58.73 days in Texas*, since then the average DOM increased by 57%.
  • “Builders are working hard to avoid big price cuts by offering more buyer incentives and agent bonuses.
  • Last month, the 3-month moving average of Texas new home sales prices was $453,104 versus $460,083 in January.