President Dave Mele to part ways with CoStar

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After 10 years, President Dave Mele has left the company to pursue other opportunities. Mele was instrumental in CoStar Group’s acquisition of the company in 2021 for $156 million.

At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. Join us. President Dave Mele is leaving the company, according to an exclusive interview with Real Estate News on Friday.

Mele joined in 2014, after a lengthy career in the news publishing industry where he led operations for The Virginian-Pilot and successfully transitioned the company from a print-only to print and online model. Mele was tapped to bring that same magic to, which at the time, was the fifth most trafficked real estate portal in the U.S.

“We are very much focused on growth and growth for quality — we are not trying to have 100 million unique visitors,” Mele told Inman in 2015 of his approach to growing’s reach. “Our goal is to deliver transaction-ready consumers to professionals, and that’s what we are focused on.”

“For us, we don’t have to be the biggest; we take the Whole Foods or Trader Joe’s position of quality over quantity,” he added. “We have a lot of respect for Zillow, but let’s just say we are different.”


That focus shifted in 2021 when CoStar Group acquired for $156 million, setting the stage for the platform to become a serious contender in the residential portal space with its “Your Listing, Your Lead” model.

“Together we will be dedicated to growing the brand,” Mele said of the new opportunities the acquisition brought to the team. “and building innovative solutions that expand the marketing options available to consumers and their agents.”

In the three years since, has undergone a major transformation with Homesnap being integrated into as Homes Pro, a hefty marketing budget and an aggressive traffic strategy that’s seen the traffic for the Network reach 156 million monthly unique visitors — a number that places it in the top echelon of residential portals in the U.S.

More changes are on the way for with CoStar Group’s $1.6 billion acquisition of Matterport and its digital twinning technology, which is expected to create a one-of-a-kind home search experience for listing agents and homebuyers.

In an emailed statement to Inman, CoStar Group co-founder and CEO Andy Florance thanked Mele for his contributions and wished him well on his next chapter.

“We are grateful to David Mele for his contributions to over the past year,” he said. “He was a member of a very talented and motivated team that is successfully launching, the industry’s first agent-friendly portal with more than one hundred million unique visitors that empowers agents to sell homes faster and for more money.”

“We wish him the best of luck in his future endeavors,” he added.

Email Marian McPherson

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