Up-to-the-minute real estate data at a click

William Raveis, chairman and CEO of William Raveis Real Estate, Mortgage & Insurance, announced the launch of “local housing data,” a new raveis.com feature that provides free real estate market data compiled from various multiple listing services.

“We”™re very pleased to be able to offer this new feature through raveis.com,” said Raveis. “Visitors to our Web site will now have the added convenience of accessing a wealth of information through our local housing data application, which essentially serves as an up-to-date, accurate reflection of today”™s real estate market.”

The feature can be accessed from the raveis.com home page. The data are broken down into Connecticut or Massachusetts town of interest and a type of property.  From this information several charts are produced, providing a visual snapshot of market conditions over the past two years. The information illustrates total inventory, median sale prices, unit sales, market time for sales and sales-to-listing price ratio.

The housing data feature covers all towns in Connecticut and the majority of Massachusetts towns and is updated monthly.

“Because all real estate is local, today”™s consumer needs accurate data reflective of their local market, which they simply cannot receive from national and regional sources that have limited access to this information,” said Raveis. “Nowhere else on the Web can you find such comprehensive, reliable and timely local market data in such an accessible format.”

Ravies is billed as New England”™s largest privately held, family-owned real estate firm, with a 2007 estimated sales volume of $5.5 billion.  Annually, raveis.com attracts more than 5 million visitors worldwide.