ShowingTime, a management technology provider, announced today that it acquired RealEstate Business Intelligence, a source of real estate data, analytics and business intelligence for real estate professionals, as part of an effort to deepen its analytics group offering.
RBI also offers interactive charts and graphs for online access to statistical information.
According to the companies, RBI delivers local market statistics and trends to 142 MLS organizations and nearly 500,000 agents across North America. Its SmartCharts Pro and MARKETrends Premium products and services are used by another 30,000 subscribers.
“RBI’s proprietary analytic process and data gathering system ensures its data is timely, accurate and relevant,” MRIS CEO David Charron said. “Our customers gain a current view of local market conditions, right down to the neighborhood level.”
After acquiring 10K Research and Marketing to launch its analytics groups in October 2015, ShowingTime has delivered reports to customers that combine showing activity with sales and inventory data that was unavailable before, and this acquisition will further that effort, ShowingTime said.
ShowingTime’s core showing management and showing feedback products and series will incorporate a variety of analytic reports to help customers generate local market demand trend reports.
“It’s an exciting addition to combine RBI’s offering with our current analytic tools,” ShowingTime CEO Scott Woodard said. “Using market knowledge wisely helps agents differentiate themselves. We’re looking forward to offering more never-seen-before reports to customers.”