CoStar Group has entered into a definitive agreement to acquire Zonda, a leading provider of new home construction data, homebuilder software, and residential real estate marketplaces, for $800 million in cash.
Zonda serves more than 3,000 customers across the homebuilding ecosystem, including many of the largest residential builders, developers, suppliers, and lenders in North America. Its platform delivers end-to-end solutions spanning land acquisition, development planning, homebuilding analytics, construction forecasting, community marketing, operational workflow management, and online new home marketplaces.
Zonda also operates NewHomeSource and Livabl, two online new home marketplaces in the United States and Canada. Zonda’s platforms include floor plans, virtual tours, pricing, incentives and community details for new construction listings. Because the marketplaces focus on new construction, builders can use them to market homes, generate leads and present comm
