Despite higher mortgage rates and an increase in housing supply, home prices have continued to surge – the numbers still show the market is quite resilient, and costly. According to Forbes, the US median listing price for single-family homes In June 2022 was $450,000, up 16.9% from the same time last year and more than 31% from June 2020. As a result, it is not uncommon for businesses to automate procedures to satisfy clients and increase revenue. For real estate agencies and hotels, some purchase popular property management systems; others invest in customized software.
According to the National Association of Realtors’ report of 2022, among all generations of home buyers, the first step taken in the home search process was to look online for properties. If you own a real estate company, you will want to work with a platform or create your own custom system to capture a portion of that traffic.
Find out how to bring those features into your business with detailed development patterns, features and costs.
Detailed project scope
Emerging trends for real estate market
Cost and team estimates for various types of real estate software
Timelines for every step of a real estate software development