The Real Estate Board of New York (REBNY) has announced a partnership with Homesnap, a national provider of technology solutions for the residential real estate industry, to create the first-ever, consumer-facing search website and mobile app for its Residential Listing Service (RLS). Citysnap is expected to include the most complete inventory of residential real estate listings in New York City when launched in Q2 of 2022, the association said.
“New York City is the most dynamic and complex real estate market in the world. Our partnership with Homesnap underscores our commitment to providing our community with the robust tech solutions needed to close the real estate transactions that drive our local economy,” said REBNY President James Whelan. “This extraordinary effort — driven by the industry, for the industry — represents a significant upgrade in both technology support for the industry and in transparency and accuracy of listing data that consumers and the entire residential real estate community can trust and adopt. We are excited to hit this significant milestone and we thank our members for their incredible involvement and thoughtfulness throughout this process.”
In partnership with REBNY, Homesnap, a CoStar Group company, will provide a custom version of its national search portal specifically for New York City and exclusively feature data from REBNY’s RLS. Citysnap will provide complete, accurate and real-time residential listing data to brokers, agents, building owners, property managers and consumers. Built for the industry and by the industry, Citysnap will be governed by “your listing, your lead,” meaning all leads will go to the listing broker or agent — with no additional cost or daily listing fee. Spearheaded by REBNY’s RLS Board of Directors Co-Chairs, John Wollberg and Clelia Warburg Peters, this strategic partnership will provide 12,000+ New York City real estate professionals who are participating members of the RLS at REBNY with free access to Citysnap Pro, a professional version of Homesnap’s top-rated agent-only productivity mobile app.
“CoStar Group believes that agents deserve to capture the value of their listings and that consumers should have access to complete, transparent and accurate information. We have a track record of building successful products for the real estate industry, and we are committed to investing the resources needed to make Citysnap successful in the New York City market,” said CoStar Group Founder and Chief Executive Officer Andy Florance. “REBNY spent years searching for the right technology partner to help it develop the right product for its members, and we are proud to be creating that product for New York City’s brokers, agents and consumers and to arm New York City with the most comprehensive, accurate and user-friendly home search platform for the area.”
REBNY’s RLS includes an average of more than 40,000 active listings from nearly 600 brokerage firms and property owners, representing a total of $50 billion worth of residential real estate in New York City. The RLS provides the infrastructure that allows brokers to share residential property listing data with other brokerage firms and a powerful network of third-party websites and products so consumers can find new homes. The RLS provides the most accurate and up-to-date listing information available in the five boroughs because it comes directly from brokerages and property owners and is centralized through a single feed. REBNY’s listing service offers maximum exposure for sellers and property owners, while also providing transparent inventory of available real estate listings to buyers and renters.
