Costar Group Inc Stock Price, News & Analysis

CoStar Group (NASDAQ: CSGP), a leading provider of real estate marketplaces and analytics, has scheduled its second quarter 2025 financial results announcement for Tuesday, July 22, 2025 after market close. The company will host a conference call at 5:00 PM EDT the same day to discuss the results and outlook.

The company's websites, which include prominent brands such as CoStar, LoopNet, Apartments.com, and Homes.com, attracted over 130 million average monthly unique visitors in Q1 2025. Founded in 1986, CoStar Group operates globally, offering services including commercial real estate data, analytics, and 3D digital twin technology through its subsidiary Matterport.

CoStar Group (NASDAQ:CSGP) has secured a significant legal victory as a federal court in Los Angeles found that rival CREXi deliberately infringed on thousands of CoStar's copyrighted photographs. The court determined that CREXi implemented a systematic "copy and crop" policy, using offshore teams in India to harvest images from CoStar's LoopNet platform and remove CoStar watermarks.

The court made several key findings against CREXi, including that it cannot claim Digital Millennium Copyright Act safe harbor protection for the copied images. The case will proceed to trial to determine the value of CoStar's images and assess damages. The ruling validates CoStar's 2020 lawsuit against CREXi for industrial-scale copyright infringement.

Homes.com's latest report reveals a continued slowdown in home price growth, with May marking the fifth consecutive month of deceleration. The median home price increased by just 1.0% year-over-year to $388,829, down from previous months' growth rates of 1.3% in April, 2.2% in March, 2.7% in February, and 3.9% in January. This represents a significant cooling from the peak 5.6% growth rate in late 2024. Housing inventory saw a substantial 17.2% increase compared to May 2024, reaching levels not seen since October 2019. While the Northeast and parts of the Midwest continue to show the highest price appreciation, growth rates in top markets have moderated from 10.5-10.8% in April to 7.4-7.6% in May. Markets showing negative or flat price growth now include regions in Texas, Florida, California, as well as Denver and Atlanta.

CoStar Group (NASDAQ: CSGP) and Happening Technology have amicably resolved their trade secret dispute, with all parties withdrawing their claims with prejudice. The dispute arose from concerns over similarities between Happening Technology's data pipeline product and CoStar's internal technology. The companies confirmed that Happening Technology and its founders - Guy Wolcott, Thomas Goff, Jeff Repanich, and investor John Mazur - did not misappropriate CoStar's trade secrets or violate any legal obligations. Notably, Wolcott previously founded Homesnap, a residential real estate platform with over 300,000 active agents, which CoStar acquired in 2020 for $250 million. Both companies have expressed openness to future collaboration opportunities.

CoStar Group's (NASDAQ: CSGP) subsidiaries Homes.com, Matterport, and VHT Studios have been recognized in T3 Sixty's 2025 Tech 200 list, which highlights the best technology products for real estate professionals. Homes.com, the second-largest residential real estate marketplace in the U.S., has achieved remarkable growth with 104 million average monthly unique visitors and increased consumer awareness from 4% to 36% in Q1 2025. The platform's Member agents are securing 61% more listings than non-members.

Matterport, acquired by CoStar in February 2025, is a global leader in 3D digital twin technology, operating in 177 countries. The acquisition aims to enhance property analytics through AI, computer vision, and machine learning, with 3D tours now integrated across CoStar's platforms including CoStar, LoopNet, Apartments.com, and Homes.com.

CoStar Group (NASDAQ: CSGP) CEO Andy Florance has been named to Commercial Observer's Power 100 list for the third consecutive year. The company demonstrated strong financial performance, reporting $2.74 billion in revenue for 2024, an 11% increase from 2023. In Q1 2025, CoStar achieved $732 million in revenue, up 12% year-over-year, marking its 56th consecutive quarter of double-digit growth.

Under Florance's leadership, Homes.com has become the second-largest residential real estate marketplace in the country. The company expanded through strategic acquisitions of Visual Lease and Matterport. Additionally, Apartments.com generated $282 million in revenue, up 11% year-over-year, adding 4,300 new properties in the quarter.

Homes.com, a CoStar Group company, reports that home price growth continued to slow for the fourth consecutive month in April 2025. The median home price increased by just 1.3% year-over-year to $385,000, up $5,000 from April 2024. This marks a significant deceleration from previous months' growth rates: 2.2% in March, 2.7% in February, and 3.9% in January.

The Northeast and Midwest markets led in price appreciation, while the number of major markets experiencing flat or declining prices increased from six to fifteen. These markets now include areas in Texas, North Carolina, California, Nashville, Phoenix, and parts of Ohio. Housing inventory has increased, which, combined with moderating prices, suggests improved conditions for homebuyers, particularly in Sun Belt metros.

CoStar Group (NASDAQ: CSGP) has entered a binding agreement to acquire Domain Holdings Australia Limited, a leading Australian property marketplace, in a deal valuing Domain at A$3.0 billion. CoStar will pay A$4.43 per share to acquire the remaining 83% stake, following its February 2025 purchase of a 17% stake at A$4.20 per share.

The total expected investment for the remaining shares is approximately A$2.3 billion ($1.5 billion). Domain's Board unanimously recommended shareholders vote in favor of the scheme, with Nine Entertainment Co. (60.1% shareholder) indicating support. The acquisition requires shareholder approval, Australian Government's Foreign Investment Review Board approval, and other conditions.

Domain reaches 6.6 million Australians monthly through its portfolio of property brands. The transaction is expected to close in Q3 2025, subject to conditions being met.

Homes.com, a CoStar Group company, has released a comprehensive report on the Washington D.C. housing market following the first 100 days of the Trump administration. The analysis reveals that the DMV (D.C.-Maryland-Virginia) region's housing market remains consistent with national trends.

Key findings include:

• Average time on market: 90 days in DMV, 95 days in D.C.
• Median home price in DMV: $595,000 (up from $575,000 last year)
• Over 400 luxury properties priced at $3M+ are currently available
• Current 30-year fixed mortgage rate: 6.83%

The luxury housing market shows strong momentum, with many buyers making cash purchases to avoid mortgage rates. While some agents report optimistic spring signs, others describe April as a "whiplash" due to fluctuating mortgage rates. The Homes.com Network reached 104 million average monthly unique visitors in Q1 2025, with brand awareness growing from 4% to 33% in one year.