RealPRO Select helps lift Realtor.com revenue
Move reported $160 million in quarterly revenue, its eighth straight quarter of segment growth
The latest quarterly results from Move, the parent company of Realtor.com, show that its revenue continues to grow, with $160 million reported. This marks the eighth consecutive quarter of segment growth, a notable achievement in the current market. The growth is attributed in part to the success of RealPRO Select, a product that offers enhanced listing services to real estate professionals.
For the commercial real estate and leasing industry, this news is worth noting as it indicates a healthy market for property listings and related services. Realtor.com's growth suggests that there is still demand for listings and tools that help real estate professionals manage their business. This could have implications for companies that provide services related to commercial leasing, such as lease administration and property management software.
As the commercial real estate market continues to evolve, it's worth watching how Move and Realtor.com adapt to changing market conditions. The company will likely continue to invest in products like RealPRO Select, which could lead to further innovation in the industry. Additionally, keeping an eye on the competitive landscape will be important, as other companies may look to develop similar products or services in response to Realtor.com's success.
Originally reported by housingwire.com. LeaseNews adds analysis for real estate & property readers.