Yet Another Agent-Friendly Real Estate Site

A competitor to Zillow launched a beta site today RealEstateABC.com.

Some have said that RealEstateABC produces more accurate estimates than Zillow; others have complained that it only has prices for a few properties in any given area.

In fact, ABC does not use an algorithm to calculate the values of all parcels; it shows prices of homes that recently sold (a function that Redfin has performed for a long time; the image below is taken from a Redfin query against a neighborhood in Seattle).
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The site grew out of an informational Web site about the ABC’s of real estate, and still provides plenty of general information about how to buy or sell a house. Like Zillow, the site makes money by promoting real estate agents and other industry advertisers.

This isn’t a legitimate competitor to Zillow’s well-executed site, but it does suggest how easy it is to get national tax data and put it on a map. What we think is hard to do — and a little crazy — is giving consumers an online alternative to the traditional real estate industry, which of course is where we come in.

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