National real estate portals, like Trulia and Zillow, are very popular among consumers for the ease and convenience of researching information. But, how accurate is the information?
Recently, an independent study was conducted that suggests that information found on these portals may be inaccurate or outdated. The WAV Group was hired to perform studies that compared brokerage information to information found on both Zillow and Trulia.
The study indicated that Redfin, Windermere and Long & Foster — the three real estate brokerage firms covered in the study — show 100 percent of agent-listed homes for sale. That compares to an average of about just 80% for Zillow and Trulia, meaning that 20% of active listings did not appear on either portal.
Other results indicated that Trulia and Zillow show out-of-date information, including homes that are listed for sale that are no longer on the market. Approximately 36% of listings on the national portal sites appear as active, when in fact they are not, according to the study. The data, which included a study of 6,000 listings in 33 zip codes, was confirmed by independent analysts.
The Market Research Department at John R. Wood Realtors has also found evidence suggesting inaccurate information on these portals for the Southwest Florida Market as well. Those who are looking to purchase real estate in the Southwest Florida market are urged to seek another source of information that is reliable and accurate.
Dustin provides its clients with monthly and quarterly market data on its website, www.paradisecoastnaplesrealestate.com/naplesrealestateinfo/ Additionally, buyers can search for active listings, as well as sold listings on his website, providing an accurate, complete view of the market. While most brokerages feature property search tools on their websites, the search criterion is typically basic. Dustin’s website has additional search criteria, such as extensive geographical, financial and property options, to enable buyers to perform specific and detailed searches, thus finding more qualified listings to consider. To search Naples Real Estate visit www.paradisecoastnaplesrealestate.com/search-naples-real-estate
Finally, it is important to note that Dustin’s website is updated every minute, ensuring the accuracy that is lacking on national sites.
Finding accurate real estate market data can be challenging unless you’re working with an experienced agent. Let me help you navigate the market by providing the most accurate information available to you.