Zillow reported a strong start to 2025, exceeding its first-quarter 2025 outlook with $598 million in revenue, up 13% year over year.
The company also posted $153 million in adjusted EBITDA and achieved GAAP profitability — driven by cost management and margin expansion, leaders said.
Industry debate around off-market listings — or pocket listings — has become increasingly heated.
For some agents, these private transactions are tools of exclusivity and strategy. For others, they’re a disservice to sellers and a potential breach of fiduciary duty.
As Compass looks to grow its private exclusive inventory, the firm is going retro.
Prior to the advent of the internet, the physical MLS book of homes listed for sale was kept in a brokerage’s office. Consumers could come into the office to look at the properties that were on the market in a given MLS territory.
Zillow is expanding its listing standards policy to StreetEasy, according to an announcement on Thursday.
Purchased by Zillow in 2013, StreetEasy effectively functions as New York City’s MLS, as the metro area does not have an official MLS.