Feb. 15, 2016 — ShowingTime announced today that it acquired RealEstate Business Intelligence (RBI) to deepen its Market Stats offering, enabling customers to gain a richer understanding of their local real estate markets.
RBI delivers local market statistics and trends to 142 MLS organizations and nearly 500,000 agents across North America. Its SmartCharts Pro and MARKETrends Premium products and services are used by another 30,000 subscribers.
“RBI’s proprietary analytic process and data gathering system ensures its data is timely, accurate and relevant,” said MRIS CEO David Charron, an MLS-wide RBI customer. “Our customers gain a current view of local market conditions, right down to the neighborhood level. Customers consider RBI to be one of the most important tools they use.”
In October 2015, ShowingTime acquired 10K Research and Marketing to launch its Analytics Group, and has since delivered reports to select customers that combine showing activity with sales and inventory data that has never been available before.
ShowingTime’s core showing management and showing feedback products and services, used on more than one million listings across North America, will incorporate a variety of analytic reports to help customers generate local, relevant and timely market demand trend reporting and analysis.
“It’s an exciting addition to combine RBI’s offering with our current analytic tools,” said ShowingTime CEO Scott Woodard. “Using market knowledge wisely helps agents differentiate themselves. We’re looking forward to offering more never-seen-before reports to customers.”