Sunday, October 02, 2011

Redfin sets the blogosphere on fire, along with lots of agents

Late last week, Redfin announced an important addition to their site -- an agent scouting report.  Now, you'll be able to look up just about any agent anywhere in the country and see their statistics -- average sales price, number of buyer and seller transactions, map where those transactions occurred, etc. 

The r.e. blogosphere has gone crazy over this. I'm a Redfin Partner agent myself, and I often look at the Redfin site to get property info that I can't get on the mls (yes!).  I don't think this will be useful for many, many reasons.  My main area of concern is this: real estate is not baseball, and statistics don't really tell potential customers much.  Stats simply measure number of properties bought and sold, and as we all know, a real estate transaction isn't necessarily a unit that can be measured.

We'll see how this plays out in the coming weeks.

1 comment:

  1. This is superb they are established their benchmark to do a profitable business...
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