Zillow Grows More Than 50% In 2009
Real estate website Zillow.com said today it broke multiple records for site traffic and user activity in 2009.
An average of 8.2 million unique users visited Zillow each month during 2009, which is an increase of 57 percent year-over-year.
"2009 was a wild year for real estate, with continued home value declines, government intervention, record low mortgage rates, and an enormous amount of consumer uncertainty about what the future holds," said Spencer Rascoff, Zillow’s chief operating officer.
"As a result, people flocked to Zillow for information and advice. Uncertainty always benefits information providers, and 2009 was the year that Zillow solidified its place as a clear leader in providing millions of people with real estate information."
Other highlights include:
- 37 percent year-over-year growth in page views
- 3.9 million for-sale, rental and Make Me Move listings are posted on Zillow currently, up 43 percent-year-over-year.
- The Zillow iPhone App has proved to be popular with more than 870,000 downloads since its launch in April 2009. Over 2 million homes are viewed on the app each month.
- 171 U.S. newspapers began using Zillow’s search and listings technology to power their real estate websites in 2009.
"It’s clear to us that more and more people want Zillow’s real estate information on location, while touring neighborhoods and homes, and we expect this trend to magnify in 2010," Rascoff said.