The acquisition expands CoStar’s data and software offerings in residential real estate and new home construction markets.
CoStar Group (CSGP) agreed to acquire Zonda, a provider of new home construction data and homebuilder software, for $800M in cash. The deal targets Zonda’s portfolio of residential real estate marketplaces and over 3,000 customers.
Zonda’s platform complements CoStar’s existing commercial real estate data services. The acquisition follows CoStar’s recent push into broader property market analytics, though no prior bids for Zonda were publicly disclosed.
No immediate market reaction was reported following the announcement.