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Demonstrating Efforts to Help Real Estate Professionals Succeed During a Market Downturn

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RISMEDIA, July 11, 2008-Many Californians looking for signs of stability in the turbulent real estate market are encouraged by the growth and increasing use of the state’s largest MLS data sharing service, the California MLSAlliance. The system connects MLS databases throughout the state to provide agents and brokers with a single source of real estate information.

Use of the California MLSAlliance reached an all-time record in May, with more than 50,000 unique agents and brokers using the system to search for California property listings. That is the highest monthly total since the system was founded in 2000, according to real estate technology provider eNeighborhoods, a division of Dominion Enterprises, which developed and manages the California MLSAlliance.

California MLSAlliance contains 4 million active listings and off-market properties, covering more than 35 counties throughout the state. eNeighborhoods has provided the MLSAlliance enterprise data-sharing platform, connecting multiple MLS organizations, since 1999.

Three additional real estate associations-South Tahoe Association of Realtors, Coastal Mendocino Association of Realtors, and Lake County Association of Realtors-have joined the data-sharing system since April, bringing the total number of participating MLS organizations to 15. The California MLSAlliance system is now available to more than 190,000 brokers and agents.

“The system helps brokers and agents conduct business throughout the state, often across traditional MLS boundaries,” said Andy Woolley, vice president of eNeighborhoods. Brokers and agents who belong to one of the 53 local real estate associations serviced by the 15 participating MLSs can search one system for all California listings. The agreement between the MLS organizations provides opportunities for compensation and cooperation to all California MLSAlliance authorized users.

“The increased usage and growth is encouraging, and we think it demonstrates the MLS industry’s ongoing efforts to help real estate professionals succeed during housing market slowdowns,” said Woolley,. “The organizations participating in the California MLSAlliance are delivering to their customers the largest compilation of MLS data anywhere in the world. That spirit of cooperation and willingness to share resources benefits California’s real estate industry professionals in all types of market conditions.”

For more information, visit www.eNeighborhoods.com.

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