CoStar Group, Inc. (NASDAQ: CSGP), a prominent player in the realm of online real estate marketplaces, has been named one of HousingWire’s 2025 Tech100 Real Estate honorees. This esteemed recognition highlights the most innovative and impactful technology organizations in the mortgage and real estate sectors, marking a significant milestone for CoStar Group as it continues to thrive in an evolving industry landscape.

2. Strong Financial Performance Underpins Recognition

The accolade comes on the heels of CoStar Group's impressive financial performance in 2024, where the company reported $693 million in revenue for the third quarter, reflecting an 11% year-over-year increase. This growth trajectory was largely driven by robust double-digit increases from its flagship platforms, particularly Apartments.com and CoStar. The company’s commitment to innovation is further exemplified by the success of Homes.com, which, backed by a notable $1 billion marketing campaign, has seen substantial growth in both traffic and brand recognition, positioning it among the top two residential marketplaces in the United States.

3. A Legacy of Excellence

Founded in 1986, CoStar Group has steadily expanded its footprint, now employing over 6,400 individuals across 14 countries. The company remains dedicated to its vision of digitizing the real estate industry, facilitating the discovery of properties, insights, and connections that enhance both business and personal experiences for its users. CoStar Group's inclusion in the S&P 500 Index and the NASDAQ 100 further underscores its stature as a leader in the market.

4. Leadership Speaks on Commitment to the Industry

In a statement reflecting on the honor, Andy Florance, Founder and Chief Executive Officer of CoStar Group, emphasized the company's unwavering dedication to its clients. "CoStar Group has solidified itself as a true partner to the real estate industry because of our commitment to transparency, efficiency, and innovation," he stated. "It’s an honor to have CoStar Group recognized on HousingWire’s esteemed list of innovative and impactful tech companies. We are deeply committed to delivering industry-leading solutions that help real estate professionals advance their businesses."

5. Looking Ahead

CoStar Group’s recognition as a Tech100 honoree not only celebrates its past achievements but also sets the stage for its future endeavors in the real estate technology landscape. With a comprehensive suite of services that includes Apartments.com, LoopNet, STR, and Homes.com, CoStar Group is well-positioned to continue its trajectory of growth and innovation.

The complete list of HousingWire Tech100 honorees is available through the HousingWire website, showcasing a diverse array of companies making significant contributions to the real estate sector.

6. About CoStar Group

CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. The company is renowned for conducting extensive research to maintain the largest and most comprehensive database of real estate information. Its platforms, including Apartments.com and LoopNet, enable clients to gain unparalleled insights into property values and market conditions.

Headquartered in Arlington, Virginia, CoStar Group operates globally with offices in North America, Europe, Canada, and Asia. The company attracts over 163 million average monthly unique visitors across its platforms, underscoring its pivotal role in the real estate industry.

For more information on CoStar Group and its offerings, visit CoStarGroup.com.

Original press release