MLS data shares picking up steam in the Southeast
Four MLSs go Coast 2 Coast in Florida; North Carolina MLS expands into Georgia, each serving about 20,000 members.
As Multiple Listing Services navigate the upcoming changes in the real estate industry, sharing data with each other is becoming a trend.
What's happening: A couple of major data sharing agreements were announced earlier this month. Four MLSs in Florida have joined forces to form Coast 2 Coast MLS Data Share, while North Carolina Regional MLS, a wholesale cooperative, has expanded into Georgia.
The four Florida MLSs — realMLS, St. Augustine and St. Johns County Board of Realtors, Space Coast Association of Realtors, and Daytona Beach Area Association of Realtors — comprise more than 20,000 agents that will all have access to their native MLS system. A fifth MLS, Hernando County Association of Realtors, will join at the end of 2024.
The North Carolina Regional MLS is adding three Georgia territories of Savannah MLS, Athens Area Association of Realtors & Classic MLS as well as the Realtors of Greater Augusta to its network, which stretches across both North and South Carolina.
With the expansion, which is expected to happen over the coming year, NCRMLS will serve more than 19,000 members. The organization is also in the midst of rebranding its name to better show who it represents.
In both cases the MLSs will continue to maintain their individual identities but its members will have expanded choices to better serve consumers.
What they're saying: A joint statement from the North Carolina and Georgia organizations said their collaboration "will establish a more comprehensive and interconnected MLS, providing access to a broader array of resources, information, connections, and opportunities."
What's next? Real Estate News will be taking a closer look at this trend and its implications for the real estate industry in an upcoming article.