Zillow, Trulia's user growth remains healthy in June

|About: Zillow Group, Inc. (Z)|By:, SA News Editor

Zillow (Z -0.3%) had 83M monthly unique users in June, +2% M/M (hurt by one less day) and +49% Y/Y. The Y/Y growth rate is even with May's.

Trulia (TRLA +0.7%) says its monthly unique visitors topped 54M in June, up from May's 51M+. With the help of aggressive marketing, Y/Y growth accelerated to 55% from May's 47% and Q1's 42%.

Both companies have easily outperformed the Nasdaq this year (Zillow especially). Zillow now goes for 12.4x 2015E sales, and Trulia 4.5x 2015E sales.