Real Estate – Consumers Spend More Time on Major Real Estate Sites
July 6, 2008 · Published By Administrator
Real Estate News – Consumers Spend More Time on Major Real Estate Sites
Realtor.com and Move.com announced that during May 2008, consumers continued to increase time spent searching real estate on the Move Network, including Realtor.com. The homes-for sale web site announced that recent year-over-year data from comScore indicated that minutes spent per unique user in May 2008 grew by six percent on REALTOR.com and by three percent on the Move Network as compared to May 2007. This was the fifth consecutive month of positive growth in user stickiness (engagement) as consumers remain on the sites longer researching real estate data. When compared to all other real estate web sites, comScore also reports consumers spent 141 percent more time on Realtor.com, for a total of 170 percent more time on the Move Network this past May.
“The fact that consumers consistently turn to Realtor.com and the Move Network for their real estate needs confirms we’re making swift progress towards the achievement of our strategic goals for 2008,” said Lorna Borenstein, president of Move, Inc. “We’re pleased consumers continue to choose the Move Network over our competitors and are spending more time on our network. These latest results confirm the information and connections we’re delivering are what consumers want and need from the category leader. That’s wonderful news for our investors and advertisers.”
During the first quarter of 2008, the Move Network attracted twice as many users as any other site in the real estate category and consumers spent eight times more minutes on the Move Network than with any other competitor. Consumer traffic grew by 15 percent during the period and 9.8 million unique users visited the Move Network each month on average. Also, based on second quarter 2008 comScore data, consumer searches continue to increase on the network, with the Move Network capturing 92 percent more unique users that spend 129 percent more time on the category leader’s sites than the next closest competitors.
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Local Tags: Phoenix Arizona, Phoenix Real Estate, Real Estate, Real Estate News
Filed Under Real Estate · By Administrator
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