CoStar Group's Andy Florance Named Inman 2025 Power Player: A Milestone in Real Estate Innovation

In a testament to his leadership and vision, Andy Florance, the founder and CEO of CoStar Group, has been named to Inman's 2025 Power Players list for the third consecutive year. This recognition highlights Florance's significant contributions to the real estate industry, particularly in the realm of residential real estate portals like Homes.com and Apartments.com.



Under Florance's guidance, CoStar Group has expanded its portfolio to include residential real estate platforms, which has significantly impacted its overall business and market position. By Q3 2024, the Homes.com network had 130 million average monthly unique visitors, demonstrating a substantial increase in traffic and user base. This growth can be attributed to a $1 billion marketing campaign launched during the Super Bowl and the introduction of an agent subscription product (CoStar Group, 2025).

The marketing campaign for Homes.com has led to a significant increase in unaided awareness, from 4% to 33% (Inman, 2025). This enhanced brand recognition has likely contributed to an increase in market share for CoStar Group in the residential real estate sector. The expansion into residential real estate portals has also opened up new revenue streams for CoStar Group, such as agent subscription products and advertising opportunities. This diversification can help mitigate risks associated with market fluctuations in the commercial real estate sector.

CoStar Group's entry into the residential real estate market has allowed it to compete with established players like Zillow and Redfin. By offering innovative, transparent, and in-depth products and services to agents, buyers, sellers, renters, and professionals, CoStar Group has strengthened its market position in the broader real estate industry. The company's global expansion, with over 6,400 employees in 14 countries, has further solidified its reach and influence in the international real estate market (CoStar Group, 2025).

Florance's leadership and strategic initiatives have enabled CoStar Group to grow into a global powerhouse in the real estate industry, with over 6,400 employees and inclusion in the S&P 500 and NASDAQ 100 indexes (Inman, 2025). His recognition as an Inman Power Player for the third year in a row is a testament to his unwavering commitment to innovation and growth in the real estate industry. As CoStar Group continues to evolve and expand, investors can expect to see more milestones and achievements under Florance's leadership.