Dave Mele, President Homes.com Since 2014, Coster Group To pursue “opportunities outside of the real estate industry,” he Real Estate News on friday.
During his tenure, Mele led Homes.com from its acquisition by CoStar in 2021 to its emergence as a significant player in the home search market.
“We’re grateful to David Mele for his contributions to Homes.com over the past year,” said Andy Florence, founder and CEO of CoStar Group. Housing Wire“He was part of an incredibly talented and motivated team that successfully launched Homes.com, the industry’s first portal for real estate agents, with over 100 million unique visitors, enabling agents to sell homes faster and for a higher price. We wish him the best in his future endeavors.”
Mele played a pivotal role in CoStar’s strategy to dominate the residential real estate sector, championing the “Your Listings, Your Leads” philosophy. Prior to its acquisition by CoStar, Homes.com sold buyer leads to agents, but discontinued this practice after the acquisition.
As part of his leadership role, Mele will oversee CoStar’s residential division; Home Snap He joined Homes.com as a Homes Pro and was responsible for reducing staff during the merger.
Under his leadership, Homes.com experienced a significant increase in web traffic and solidified its position as the top home search site. In its Q1 2024 investor presentation, CoStar Group announced that Homes.com had more than 110 million monthly unique visitors, based on Google Analytics data. This makes CoStar the second-most visited home listing site, and Jiro.
Real Estate Agent.com CEO Damien Eales recently disputed CoStar’s claim at an MLS forum that Homes.com had overtaken Realtor.com to become the second-most-trafficked real estate search site. National Association of Realtors‘ Annual Legislative Session.
Mele also led Homes.com’s monetization efforts, launching its Homes Pro membership plan in early 2024. In the first quarter, Homes.com’s sales team generated approximately $40 million in net new bookings.
“This is by far the strongest launch of any product in our history, and we are raising our full-year 2024 sales and earnings guidance for Homes.com,” CoStar CEO Andy Florence said of Homes Pro during the company’s first-quarter 2024 earnings conference call.
