After a tumultuous series of events, the battle between listing portals may have finally reached an end. Tuesday, ListHub-syndicated listings vanished from all Zillow Group websites, calling to close ongoing legal wrangling between Zillow Group and ListHub owner Move, Inc., operator of realtor.comÂ®.
â€śMove is moving full steam ahead on its mission of putting real estate at the fingertips of consumers and connecting them with the indispensable services of real estate professionals,â€ť Move, Inc. said in a statement to RISMedia. â€śThe stakes just got higher for Zillow Group. Not only is it facing the daunting challenge of integrating two businesses, it now has to attempt to duplicate ListHubâ€™s comprehensive and accurate listings database.
Meanwhile,Â realtor.comÂ continues to strengthen its position as the best digital real estate destination for consumers, advertisers and agents and brokers.â€ť
To mitigate the loss of listings, Zillow has been working feverishly to secure listing data from MLSs nationwide. At press time, Zillow had signed agreements with more than 70 MLS partners.
â€śCome April 8, our listings will be more robust and accurate than ever before â€“ a huge benefit for consumers and agents as we head into home selling season,â€ť said Errol Samuelson, Zillow Group chief industry development officer, in a previous statement. â€śThe process of establishing new partnerships has been incredibly encouraging, and we continue to talk to MLSs across the country and sign new contracts every day.â€ť
Control over listings became a point of contention between the parties earlier this year. In an SEC filing on January 6, Zillow revealed it would not renew its four-year listing data share agreement with Threewide Corporation, operator of ListHub (and also owned by Move). Zillow confirmed to RISMedia that â€śa few hundred thousandâ€ť of Zillowâ€™s 3.6 million listings would be affected by the termination of the agreement.
That same week, Zillow launched the ZillowÂ® Data Dashboard, a listing management and reporting platform for MLSs and brokerages.
In response, ListHub penned a letter to its customers and partners releasing details of a deal proposed to Zillow prior to the January 6 filing.
Just days after the FTC approved Zillowâ€™s acquisition of Trulia, ListHub announced it would end its listing agreement with Trulia on February 26. The agreement was in effect until June 2016. Zillow promptly filed a temporary restraining order to maintain the partnership, which was granted until March 12. At that time, a California judge lifted the restraining order and set an end date of April 7 for ListHubâ€™s agreement with Trulia.
Stay tuned to RISMedia.com for continuing updates on this and other industry topics.