Close to one million real estate professionals across the country will soon have easy access to showing-scheduling tools from a single company: ShowingTime.
That’s because ShowingTime, also a provider of market-reporting technology, has entered into a definitive agreement to acquire competitor Showing Suite. Terms of the deal were not disclosed.
Software from the two firms helps agents try to keep pace with growing appetite for “on-demand” service, allowing agents to request or approve showings with a couple taps or clicks.
“For years we’ve seen a synergistic opportunity to combine our companies,” ShowingTime CEO Scott Woodard said in a statement. “We look forward to providing additional capabilities to customers over time.”
Showing Suite provides showing-scheduling tools to agents and brokers across the U.S., including through agreements with at least 16 multiple listing services (MLSs) representing more than 100,000 members, according to Showing Time.
The deal will combine those tools with ShowingTime’s products, which are used by more than 155 MLSs representing more than a claimed 750,000 members.
In addition to showing-management software, ShowingTime provides market-analytics products, such as sales statistics and real estate agent rankings.
ShowingTime, which built its market data arm through two acquisitions, is working to incorporate proprietary showing data into new data products, such as a housing demand index based on showing volume.
