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2011 RatePlug Study Results
Agents using RatePlug experience a 23.71% shorter timeframe from list to contract date
The studies looked at 49,775 real estate transactions in 7 major marketplaces in the U.S. (San Diego, Chicago, Washington DC, Maryland, Virginia, Delaware, Rhode Island). The data was derived from Agents that are Active with RatePlug and Agents who are not Active with RatePlug in order to determine the Total # of Days between List date and Contract date. The data included Single Family homes, Townhomes and Condominiums.
|
2011
Study Results (Mid West) |
# Days from List Date |
|
Agents
Using RatePlug |
105 Days |
|
Agents
Not Using RatePlug |
131 Days |
|
Difference
in Days |
26 Days |
|
%
Difference |
19.85% |
|
2011
Study Results (West Coast) |
# Days from List Date |
|
Agents
Using RatePlug |
61 Days |
|
Agents
Not Using RatePlug |
81 Days |
|
Difference
in Days |
20 Days |
|
%
Difference |
24.69% |
|
2011
Study Results (East Coast) |
# Days from List Date |
|
Agents
Using RatePlug |
58 Days |
|
Agents
Not Using RatePlug |
79 Days |
|
Difference
in Days |
21 Days |
|
%
Difference |
26.58% |
This demonstrates an Average of 23.71% reduction in the transaction timeline between List Date and Contract Date for Agents that are using RatePlug across 7 major marketplaces in 3 regions of the U.S.
*There are other factors that have not been measured that could help contribute to this difference (ie: Top Agents are enrolling in RatePlug)
