Do You Have a Listing Syndication Strategy?

June 1, 2009

radiotowerAn interesting article appeared on the New York Times website the other day.

It discusses the trend among real estate professionals to ‘syndicate’ their listings for display on other websites, such as Zillow.com, as a strategy to increase their online presence.

Listing syndication is nothing new, but the trend towards more liberal distribution of listings is not without its critics.

In response to the article, real estate blogger Dave Phillips from Charlottesville, Virginia, explores the question of whether it makes sense for local MLS systems to send their listings data to listings aggregators.

Acting as somewhat of a devil’s advocate, Mr. Phillips presents arguments against syndication, stating concerns about Internet market dilution with so many sites doing the same thing.

In Canada, only Realtor.ca and some local Canadian real estate boards can claim that they are the sole source for ALL realtor listings within a particular market.

Meanwhile, listing aggregators such as Zoocasa.com go above and beyond for online consumers, offering a richer search experience including neighbourhood descriptions (from wikipedia), school information, home price comparisons, and even a commuter cost calculator.

At UniqueHomeSites.com, we want to know what Canadian real estate agents, brokers, and owners think about listing syndication.

Please feel free to comment below… we want to hear from you!

Also, check out this video from Greg Afarian from Zipvo Corporation.