From iBuyer marketplaces to tech-enabled brokerages, we break down the tech companies boosting the speed and profitability of home buying and selling.
In residential real estate, the mantra is still location, location, location — of data.
Digital platforms are making more information more accessible to all of the players involved in real estate transactions, from investors to agents.
These tools have the potential to make the business more lucrative, even in the face of a volatile market — while existing home sales in the US were 18% above the historical average in 2021, they are down 20% from the average in 2023 so far, per Mike DelPrete. In addition to helping brokerages, buyers, and agents source the most accurate data, tech companies are also helping them find the right properties, cut overhead costs, and more.
In the market map below, we focus on tech solutions enabling the exchange of real estate, whether sold or rented. We identify 70+ tech vendors digitizing real estate transactions across 13 categories.
Note: This market map includes public companies and private startups that have a Mosaic score of at least 400 and have received funding in the last 5 years. This market map is not exhaustive of the space.
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