For sale: Expected high and rising mortgage rates are expected to slow industry growth
Online residential home listing companies manage a virtual marketplace, providing services connecting residential home sellers to buyers. Through 2023, online listing services have performed exceedingly well, as residential home sales have increased due to solid homeownership rates due to favorable mortgage rates in the early part of the period and a scorching hot residential real estate market caused by the COVID-19 pandemic. Due to a good economic climate followed by migration shifts, industry-wide revenue has been growing at a CAGR of 2.5% over the past five years and is expected to total $1.8 billion in 2023. In the same year, revenue is expected to dip to an estimated 4.8%.
This industry provides internet listings and search functions for residential properties that are for sale. In addition to connecting potential buyers with real estate agents and owners, these websites often provide targeted advertising services and market analytics.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Zillow Group Inc.
Methodology
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