Growth and Record Use of California's Largest Real Estate Information System Encourages Industry Professionals Looking for Market Stabilization

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MLSAlliance demonstrates MLS industry's ongoing efforts to help real estate professionals succeed during housing market downturn.

Many Californians looking for signs of stability in the turbulent real estate market are encouraged by the growth and increasing use of the state's largest MLS data sharing service, the California MLSAlliance. The system connects MLS databases throughout the state to provide agents and brokers with a single source of real estate information.

Use of the California MLSAlliance reached an all-time record in May, with more than 50,000 unique agents and brokers using the system to search for California property listings. That is the highest monthly total since the system was founded in 2000, according to real estate technology provider eNeighborhoods, a division of Dominion Enterprises, which developed and manages the California MLSAlliance.

California MLSAlliance contains 4 million active listings and off-market properties, covering more than 35 counties throughout the state. eNeighborhoods has provided the MLSAlliance enterprise data-sharing platform, connecting multiple MLS organizations, since 2000.

Three additional real estate associations--South Tahoe Association of Realtors, Coastal Mendocino Association of Realtors, and Lake County Association of Realtors--have joined the data-sharing system since April, bringing the total number of participating MLS organizations to 15. The California MLSAlliance system is now available to more than 190,000 brokers and agents.

"The system helps brokers and agents conduct business throughout the state, often across traditional MLS boundaries," said Andy Woolley, vice president of eNeighborhoods. Brokers and agents who belong to one of the 53 local real estate associations serviced by the 15 participating MLSs can search one system for all California listings. The agreement between the MLS organizations provides opportunities for compensation and cooperation to all California MLSAlliance authorized users.

"The increased usage and growth is encouraging, and we think it demonstrates the MLS industry's ongoing efforts to help real estate professionals succeed during housing market slowdowns," said Woolley. "The organizations participating in the California MLSAlliance are delivering to their customers the largest compilation of MLS data anywhere in the world. That spirit of cooperation and willingness to share resources benefits California's real estate industry professionals in all types of market conditions."

About eNeighborhoods, LLC

eNeighborhoods™, a division of Dominion Enterprises, is the nation's premier compiler of real estate related home and neighborhood information, providing the real estate and marketing services industries with a comprehensive set of marketing and analytical tools. In 2002, eNeighborhoods became an endorsed REALTOR Benefits® of the National Association of REALTORS®. The company provides MLS data sharing and marketing tools to top MLS organizations in the United State, Canada, and Australia. The company also powers the Internet's top real estate franchise website, remax.com, and maintains strategic alliances with major real estate franchisers, including RE/MAX International, Realogy, Century 21, Coldwell Banker, ERA, EXIT Realty, GMAC, Keller Williams, Prudential, Realty Executives and, as well as many of the major independent brokerages. eNeighborhoods is the proud founding sponsor of NAR's Good Neighbor Awards which educates, encourages and rewards outstanding community service by real estate professionals throughout the country.

About Dominion Enterprises

Dominion Enterprises, a division of Landmark Communications, is a leading marketing services company serving the automotive, real estate, apartment, recruitment and marine markets. The company operates a variety of businesses that offer Internet marketing, Web site design and hosting, lead generation, CRM, and data capture and distribution services. The company has more than 40 market-leading Web sites reaching more than 12.5 million unique monthly visitors, and more than 500 magazines with a weekly circulation of over 5 million. Headquartered in Norfolk, Va., the company has nearly 6,000 employees nationwide and annualized revenue of more than $946 million. For more information, visit http://www.DominionEnterprises.com

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Charles Warnock
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