Midwest Real Estate Data (MRED), Chicagoland’s multiple listing service (MLS) and one of the largest MLSs, serves nearly 40,000 real estate professionals. Having that many brokers, appraisers and support staff accessing your MLS system, you expect the metrics to show substantial usage. However, a recent review of 2013 statistics provides some eye-popping numbers that show how essential MRED and its MLS are to its customers.
MRED customers and their clients logged onto connectMLS™, MRED’s MLS system, over 57 million times (57,099,489 to be exact). 267,579 new listings were added, which is an average of 733 new listings per day (including weekends, holidays and polar vortices). MRED supports the buying and selling of $80,000,000 of real estate transactions every day.
Per the WAV Group MLS Technology Survey, in recognition of connectMLS’s high performance and amazing reliability, users have voted it the top-rated MLS for two years running. This “gold medal winning” system is complimented by Realist®, the number one public records provider in the country. Joining them on the medal stand are a host of other great products and services such as: Infosparks, the leading interactive online market analytics tool; Cloud CMA, the powerful easy to use Comparative Market Analysis (CMA) and listing presentation software; and Midwest Homes powered by MRED, the foremost MLS data app that provides agent-branded delivery of MRED listings to consumers’ iOS and Android powered devices.
Why is there such heavy use of MRED’s MLS and related services? The MRED multiple listing service is the marketplace where real estate professionals communicate, cooperate, collaborate and compensate each other for the buying and selling of real property throughout the Chicagoland including the City of Chicago, Cook County, the surrounding “collar” counties and beyond.
One of the most impressive and amazing facts is that the MRED connectMLS system has experienced no downtime for six years. Six years, hundreds of millions of searches and emails, and tens of millions of photos displayed without interruption demonstrates the importance of the MLS system to the success of all the Realtors® and appraisers served by MRED.
“The MLS is the foundation of every broker’s business.” said MRED President and Chief Executive Officer Russ Bergeron. “It is our highest priority to insure the continued operation, without interruption, of this critical system. Our brokerages and the real estate consumer depend on it.”