Reis 10-Q 31 Oct 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 28, 2013
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	30-Sep-13
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3
Trading Symbol	REIS
Entity Registrant Name	Reis, Inc.
Entity Central Index Key	1038222
Current Fiscal Year End Date	-19
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		10,907,579

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$10,242,434	$4,960,850
Restricted cash and investments	216,566	216,125
Accounts receivable, net	4,449,514	10,694,201
Prepaid and other assets	1,380,709	1,438,829
Total current assets	16,289,223	17,310,005
Furniture, fixtures and equipment, net of accumulated depreciation of $1,821,764 and $1,828,199, respectively	864,014	738,490
Intangible assets, net of accumulated amortization of $27,603,308 and $24,067,250, respectively	15,859,904	16,332,596
Deferred tax asset, net	7,911,420	8,557,420
Goodwill	54,824,648	54,824,648
Other assets	246,960	271,257
Total assets	95,996,169	98,034,416
Current liabilities:
Current portion of debt
Accrued expenses and other liabilities	3,178,880	3,902,206
Liability for option cancellations	407,120	296,523
Deferred revenue	15,466,666	18,230,332
Liabilities attributable to discontinued operations	323,404	460,251
Total current liabilities	19,376,070	22,889,312
Other long-term liabilities	509,427	588,484
Total liabilities	19,885,497	23,477,796
Commitments and contingencies
Stockholders' equity:
Common stock, $0.02 par value per share, 101,000,000 shares authorized, 10,907,579 and 10,782,643 shares issued and outstanding, respectively	218,151	215,652
Additional paid in capital	102,171,434	102,002,972
Retained earnings (deficit)	-26,278,913	-27,662,004
Total stockholders' equity	76,110,672	74,556,620
Total liabilities and stockholders' equity	$95,996,169	$98,034,416

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Statement Of Financial Position [Abstract]
Accumulated depreciation of furniture, fixtures and equipment	$1,821,764	$1,828,199
Accumulated amortization of intangible assets	$27,603,308	$24,067,250
Common stock, par value	$0.02	$0.02
Common stock, shares authorized	101,000,000	101,000,000
Common stock, shares issued	10,907,579	10,782,643
Common stock, shares outstanding	10,907,579	10,782,643

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Statement [Abstract]
Subscription revenue	$8,780,212	$7,826,701	$25,512,849	$22,647,158
Cost of sales of subscription revenue	1,755,020	1,475,495	5,111,217	5,006,705
Gross profit	7,025,192	6,351,206	20,401,632	17,640,453
Operating expenses:
Sales and marketing	2,096,965	1,908,668	6,097,549	5,459,591
Product development	835,811	660,620	2,349,576	1,740,619
General and administrative expenses	2,893,109	2,937,199	9,167,171	8,865,783
Total operating expenses	5,825,885	5,506,487	17,614,296	16,065,993
Other income (expenses):
Interest and other income	2,943	15,649	7,472	47,921
Interest expense	-28,352	-531	-84,848	-128,133
Total other income (expenses)	-25,409	15,118	-77,376	-80,212
Income before income taxes and discontinued operations	1,173,898	859,837	2,709,960	1,494,248
Income tax expense (benefit)	469,000		1,081,000
Income from continuing operations	704,898	859,837	1,628,960	1,494,248
(Loss) from discontinued operations, net of income tax (benefit) expense of $(36,000), $-, $(159,000) and $-, respectively	-55,947	-194,313	-245,869	-12,844,365
Net income (loss)	$648,951	$665,524	$1,383,091	($11,350,117)
Per share amounts - basic:
Income from continuing operations	$0.06	$0.08	$0.15	$0.14
Net income (loss)	$0.06	$0.06	$0.13	($1.06)
Per share amounts - diluted:
Income from continuing operations	$0.05	$0.08	$0.14	$0.14
Net income (loss)	$0.05	$0.06	$0.12	($1.03)
Weighted average number of common shares outstanding:
Basic	10,907,579	10,702,509	10,876,279	10,670,966
Diluted	11,445,326	11,093,888	11,382,774	10,993,436

Consolidated_Statements_of_Ope1

Consolidated Statements of Operations (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Statement [Abstract]
Income tax (benefit) expense on discontinued operations	($36,000)		($159,000)

Consolidated_Statement_of_Chan

Consolidated Statement of Changes in Stockholders Equity (USD $)	Total	Common Shares	Paid in Capital	Retained Earnings (Deficit)
Balance at Dec. 31, 2012	$74,556,620	$215,652	$102,002,972	($27,662,004)
Balance, shares at Dec. 31, 2012		10,782,643
Shares issued for vested employees restricted stock units		2,499	-2,499
Shares issued for vested employees restricted stock units, shares		124,936
Stock based compensation, net	170,961		170,961
Net income	1,383,091			1,383,091
Balance at Sep. 30, 2013	$76,110,672	$218,151	$102,171,434	($26,278,913)
Balance, shares at Sep. 30, 2013		10,907,579

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$1,383,091	($11,350,117)
Adjustments to reconcile to net cash provided by operating activities:
Deferred tax provision	916,000
Depreciation	240,639	266,173
Amortization of intangible assets	3,536,058	3,533,297
Stock based compensation charges	1,451,337	1,666,866
Changes in assets and liabilities:
Restricted cash and investments	-441	-558
Accounts receivable, net	6,244,687	2,842,176
Prepaid and other assets	-187,583	2,820,440
Accrued expenses and other liabilities	-939,230	3,792,056
Liability for option cancellations	110,597	123,359
Deferred revenue	-2,763,666	-1,271,999
Net cash provided by operating activities	9,991,489	2,421,693
CASH FLOWS FROM INVESTING ACTIVITIES:
Web site and database development costs	-3,063,366	-2,901,736
Furniture, fixtures and equipment additions	-366,163	-171,557
Net cash (used in) investing activities	-3,429,529	-3,073,293
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of debt		-5,690,940
Payments for restricted stock units	-1,280,376	-851,264
Net cash (used in) financing activities	-1,280,376	-6,542,204
Net increase (decrease) in cash and cash equivalents	5,281,584	-7,193,804
Cash and cash equivalents, beginning of period	4,960,850	22,152,802
Cash and cash equivalents, end of period	10,242,434	14,958,998
SUPPLEMENTAL INFORMATION:
Cash paid during the period for interest	17,847	42,008
Cash paid during the period for income taxes, net of refunds	681,765	68,560
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Shares issued for vested employee restricted stock units	2,499	2,671
Disposal of fully depreciated furniture, fixtures and equipment	$247,074	$37,652

Organization_and_Business

Organization and Business	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]
Organization and Business	1.     Organization and Business
	Reis, Inc. is a Maryland corporation. The primary business of Reis, Inc. and its consolidated subsidiaries (“Reis” or the “Company”) is providing commercial real estate market information and analytical tools for its subscribers, through its Reis Services subsidiary. For disclosure and financial reporting purposes, this business is referred to as the Reis Services segment.
	Reis Services
	Reis Services, including its predecessors, was founded in 1980. Reis maintains a proprietary database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the U.S. The database contains information on apartment, office, retail, warehouse/distribution, flex/research & development and self storage properties, and is used by real estate investors, lenders and other professionals to make informed buying, selling and financing decisions. In addition, Reis data is used by debt and equity investors to assess, quantify and manage the risks of default and loss associated with individual mortgages, properties, portfolios and real estate backed securities. Reis currently provides its information services to many of the nation’s leading lending institutions, equity investors, brokers and appraisers.
	Reis, through its flagship institutional product, Reis SE, and through its small business product, ReisReports, provides online access to a proprietary database of commercial real estate information and analytical tools designed to facilitate debt and equity transactions as well as ongoing asset and portfolio evaluations. Depending on the product, users have access to market trends and forecasts at metropolitan and neighborhood levels throughout the U.S. and/or detailed building-specific information such as rents, vacancy rates, lease terms, property sales, new construction listings and property valuation estimates. Reis’s products are designed to meet the demand for timely and accurate information to support the decision-making of property owners, developers, builders, banks and non-bank lenders, equity investors and service providers. These real estate professionals require access to timely information on both the performance and pricing of assets, including detailed data on market transactions, supply, absorption, rents and sale prices. This information is critical to all aspects of valuing assets and financing their acquisition, development and construction.
	Reis’s revenue model is based primarily on annual subscriptions that are paid in accordance with contractual billing terms. Reis recognizes revenue from its contracts on a ratable basis; for example, one-twelfth of the value of a one-year contract is recognized monthly.
	Discontinued Operations – Residential Development Activities
	Reis was originally formed on January 8, 1997 as Wellsford Real Properties, Inc. (“Wellsford”). Wellsford acquired the Reis Services business by merger in May 2007 (the “Merger”). Wellsford’s primary operating activities immediately prior to the Merger, and conducted through its subsidiaries, were the development, construction and sale of its three residential projects and its approximate 23% ownership interest in the Reis Services business. The Company completed the sale of the remaining units at its Colorado project in September 2009, sold its Claverack, New York project in bulk in February 2010, sold its remaining project in East Lyme, Connecticut in bulk in April 2011, and settled construction defect litigation at the aforementioned Colorado project in 2012.
	See Note 3 for additional information regarding the Company’s segments.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2.     Summary of Significant Accounting Policies
	Basis of Presentation
	Principles of Consolidation
	The accompanying consolidated financial statements include the accounts of the Company and its majority-owned and controlled subsidiaries. Investments in entities where the Company does not have a controlling interest are accounted for under the equity method of accounting. These investments were initially recorded at cost and were subsequently adjusted for the Company’s proportionate share of the investment’s income (loss) and additional contributions or distributions. All inter-company accounts and transactions among the Company and its subsidiaries have been eliminated in consolidation.
	Discontinued Operations
	The Company determined, as a result of the April 2011 sale of property in East Lyme, Connecticut, that the Residential Development Activities segment, including certain general and administrative costs that supported that segment’s operations, should be presented as a discontinued operation. As a result of this determination and the fact that the historic operations and cash flows can be clearly distinguished, the operating results of the Residential Development Activities segment and related general and administrative costs are aggregated for separate presentation apart from continuing operating results of the Company in the consolidated financial statements for all periods presented.
	Quarterly Reporting
	The accompanying consolidated financial statements and notes of the Company have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures normally included in financial statements prepared under Generally Accepted Accounting Principles in the United States (“GAAP”) have been condensed or omitted pursuant to such rules. In the opinion of management, all adjustments considered necessary for a fair presentation of the Company’s balance sheets, statements of operations, statement of changes in stockholders’ equity and statements of cash flows have been included and are of a normal and recurring nature. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2012, as filed with the SEC on March 13, 2013. The consolidated statements of operations for the three and nine months ended September 30, 2013 and 2012 and changes in cash flows for the nine months ended September 30, 2013 and 2012 are not necessarily indicative of full year results.
	Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	From time to time, the Company has been, is or may in the future be a defendant in various legal actions arising in the normal course of business. The Company records a provision for a liability when it is both probable that a liability has been incurred and the amount of loss can be reasonably estimated. The outcome of any litigation is uncertain; it is possible that a judgment in any legal actions to which the Company is a party, or which are proposed or threatened, will have a material adverse effect on the consolidated financial statements. See Note 11.
	New Accounting Pronouncements
	In July 2013, the FASB issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 changes the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. These changes require an entity to present an unrecognized tax benefit as a liability in the financial statements if (i) a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position, or (ii) the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset to settle any additional income taxes that would result from the disallowance of a tax position. Otherwise, an unrecognized tax benefit is required to be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. Previously, there was diversity in practice as no explicit guidance existed. The guidance in ASU 2013-11 is effective for public companies for fiscal years, and interim periods within those years, beginning after December 15, 2013. Management has determined that the adoption of these changes will not have a significant impact on the consolidated financial statements.

Segment_Information

Segment Information	9 Months Ended
	Sep. 30, 2013
Segment Reporting [Abstract]
Segment Information	3.     Segment Information
	The Company is organized into two separately managed segments: the Reis Services segment and the discontinued Residential Development Activities segment. The following tables present condensed balance sheet and operating data for these segments:
	(amounts in thousands)
	Condensed Balance Sheet Data		Reis		Discontinued		Other (B)		Consolidated
	September 30, 2013		Services		Operations (A)
	Assets
	Current assets:
	Cash and cash equivalents		$	10,043	$	—	$	199	$	10,242
	Restricted cash and investments			217		—		—		217
	Accounts receivable, net			4,450		—		—		4,450
	Prepaid and other assets			266		—		1,114		1,380
	Total current assets			14,976		—		1,313		16,289
	Furniture, fixtures and equipment, net			838		—		26		864
	Intangible assets, net			15,860		—		—		15,860
	Deferred tax asset, net			—		—		7,911		7,911
	Goodwill			57,203		—		(2,378)		54,825
	Other assets			247		—		—		247
	Total assets		$	89,124	$	—	$	6,872	$	95,996
	Liabilities and stockholders’ equity
	Current liabilities:
	Current portion of debt		$	—	$	—	$	—	$	—
	Accrued expenses and other liabilities			2,162		—		1,016		3,178
	Liability for option cancellations			—		—		408		408
	Deferred revenue			15,467		—		—		15,467
	Liabilities attributable to discontinued operations			—		278		45		323
	Total current liabilities			17,629		278		1,469		19,376
	Other long-term liabilities			509		—		—		509
	Deferred tax liability, net			18,420		—		(18,420)		—
	Total liabilities			36,558		278		(16,951)		19,885
	Total stockholders’ equity			52,566		(278)		23,823		76,111
	Total liabilities and stockholders’ equity		$	89,124	$	—	$	6,872	$	95,996
		(A)	Includes the assets and liabilities of the Company’s discontinued Residential Development Activities segment, to the extent that such assets and liabilities existed at the date presented.
		(B)	Includes cash, other assets and liabilities not specifically attributable to or allocable to a specific operating segment.
	(amounts in thousands)
	Condensed Balance Sheet Data		Reis		Discontinued		Other (B)		Consolidated
	December 31, 2012		Services		Operations (A)
	Assets
	Current assets:
	Cash and cash equivalents		$	4,212	$	—	$	749	$	4,961
	Restricted cash and investments			216		—		—		216
	Accounts receivable, net			10,694		—		—		10,694
	Prepaid and other assets			219		—		1,220		1,439
	Total current assets			15,341		—		1,969		17,310
	Furniture, fixtures and equipment, net			705		—		33		738
	Intangible assets, net			16,333		—		—		16,333
	Deferred tax asset, net			—		—		8,557		8,557
	Goodwill			57,203		—		(2,378)		54,825
	Other assets			271		—		—		271
	Total assets		$	89,853	$	—	$	8,181	$	98,034
	Liabilities and stockholders’ equity
	Current liabilities:
	Current portion of debt		$	—	$	—	$	—	$	—
	Accrued expenses and other liabilities			2,556		—		1,346		3,902
	Liability for option cancellations			—		—		297		297
	Deferred revenue			18,230		—		—		18,230
	Liabilities attributable to discontinued operations			—		271		189		460
	Total current liabilities			20,786		271		1,832		22,889
	Other long-term liabilities			588		—		—		588
	Deferred tax liability, net			15,786		—		(15,786)		—
	Total liabilities			37,160		271		(13,954)		23,477
	Total stockholders’ equity			52,693		(271)		22,135		74,557
	Total liabilities and stockholders’ equity		$	89,853	$	—	$	8,181	$	98,034
		(A)	Includes the assets and liabilities of the Company’s discontinued Residential Development Activities segment, to the extent that such assets and liabilities existed at the date presented.
		(B)	Includes cash, other assets and liabilities not specifically attributable to or allocable to a specific operating segment.
(amounts in thousands)
Condensed Operating Data for the		Reis		Discontinued		Other (B)		Consolidated
Three Months Ended September 30, 2013		Services		Operations (A)
Subscription revenue		$	8,780	$	—	$	—	$	8,780
Cost of sales of subscription revenue			1,755		—		—		1,755
Gross profit			7,025		—		—		7,025
Operating expenses:
Sales and marketing			2,097		—		—		2,097
Product development			836		—		—		836
General and administrative expenses			1,686		—		1,207		2,893
Total operating expenses			4,619		—		1,207		5,826
Other income (expenses):
Interest and other income			3		—		—		3
Interest expense			(28)		—		—		(28)
Total other income (expenses)			(25)		—		—		(25)
Income (loss) before income taxes and discontinued operations		$	2,381	$	—	$	(1,207)	$	1,174
(Loss) from discontinued operations, before income taxes		$	—	$	(8)	$	(84)	$	(92)
Condensed Operating Data for the		Reis		Discontinued		Other (B)		Consolidated
Three Months Ended September 30, 2012		Services		Operations (A)
Subscription revenue		$	7,827	$	—	$	—	$	7,827
Cost of sales of subscription revenue			1,476		—		—		1,476
Gross profit			6,351		—		—		6,351
Operating expenses:
Sales and marketing			1,908		—		—		1,908
Product development			661		—		—		661
General and administrative expenses			1,691		—		1,246		2,937
Total operating expenses			4,260		—		1,246		5,506
Other income (expenses):
Interest and other income			16		—		—		16
Interest expense			(1)		—		—		(1)
Total other income (expenses)			15		—		—		15
Income (loss) before income taxes and discontinued operations		$	2,106	$	—	$	(1,246)	$	860
Income (loss) from discontinued operations, before income taxes		$	—	$	2	$	(196)	$	(194)
	(A)	Includes the results of the Company’s discontinued Residential Development Activities segment, to the extent that such operations existed during the period presented.
	(B)	Includes interest and other income, depreciation expense and general and administrative expenses that have not been allocated to the operating segments.
(amounts in thousands)
Condensed Operating Data for the		Reis		Discontinued		Other (B)		Consolidated
Nine Months Ended September 30, 2013		Services		Operations (A)
Subscription revenue		$	25,512	$	—	$	—	$	25,512
Cost of sales of subscription revenue			5,111		—		—		5,111
Gross profit			20,401		—		—		20,401
Operating expenses:
Sales and marketing			6,098		—		—		6,098
Product development			2,349		—		—		2,349
General and administrative expenses			5,205		—		3,962		9,167
Total operating expenses			13,652		—		3,962		17,614
Other income (expenses):
Interest and other income			7		—		—		7
Interest expense			(84)		—		—		(84)
Total other income (expenses)			(77)		—		—		(77)
Income (loss) before income taxes and discontinued operations		$	6,672	$	—	$	(3,962)	$	2,710
(Loss) from discontinued operations, before income taxes		$	—	$	(8)	$	(397)	$	(405)
Condensed Operating Data for the		Reis		Discontinued		Other (B)		Consolidated
Nine Months Ended September 30, 2012		Services		Operations (A)
Subscription revenue		$	22,647	$	—	$	—	$	22,647
Cost of sales of subscription revenue			5,007		—		—		5,007
Gross profit			17,640		—		—		17,640
Operating expenses:
Sales and marketing			5,459		—		—		5,459
Product development			1,741		—		—		1,741
General and administrative expenses			5,013		—		3,853		8,866
Total operating expenses			12,213		—		3,853		16,066
Other income (expenses):
Interest and other income			47		—		1		48
Interest expense			(128)		—		—		(128)
Total other income (expenses)			(81)		—		1		(80)
Income (loss) before income taxes and discontinued operations		$	5,346	$	—	$	(3,852)	$	1,494
(Loss) from discontinued operations, before income taxes		$	—	$	(12,648)	$	(196)	$	(12,844)
	(A)	Includes the results of the Company’s discontinued Residential Development Activities segment, to the extent that such operations existed during the period presented.
	(B)	Includes interest and other income, depreciation expense and general and administrative expenses that have not been allocated to the operating segments.
Reis Services
See Note 1 for a description of Reis Services’s business and products at September 30, 2013.
No individual customer accounted for more than 3.5% and 4.4% of Reis Services’s revenue for the nine months ended September 30, 2013 and 2012, respectively.
The balance of outstanding accounts receivables of Reis Services at September 30, 2013 and December 31, 2012 follows:
		September 30,		December 31,
		2013		2012
Accounts receivables		$	4,515,000	$	10,763,000
Allowance for doubtful accounts			(65,000)		(69,000)
Accounts receivables, net		$	4,450,000	$	10,694,000
Nine subscribers accounted for an aggregate of approximately 36.6% of Reis Services’s accounts receivable at September 30, 2013, including five subscribers in excess of 4.0%, with the largest representing 5.7%. Through October 24, 2013, the Company received payments of approximately $1,709,000 or 37.9% against the September 30, 2013 accounts receivable balance.
At September 30, 2013, no subscriber accounted for more than 3.3% of deferred revenue.
Discontinued Operations – Residential Development Activities
(Loss) income from discontinued operations is comprised of the following:
		For the Three Months Ended				For the Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
Litigation charge, net of recoveries (see Note 11)		$	—	$	—	$	80,000	$	(12,260,000)
Other income (expense), net			(92,000)		(194,000)		(485,000)		(584,000)
(Loss) income from discontinued operations before income tax			(92,000)		(194,000)		(405,000)		(12,844,000)
Income tax (benefit) expense on discontinued operations			(36,000)		—		(159,000)		—
(Loss) income from discontinued operations, net of income tax (benefit) expense		$	(56,000)	$	(194,000)	$	(246,000)	$	(12,844,000)
In September 2009, the Company sold the final unit at Gold Peak, the final phase of Palomino Park, a five phase multifamily residential development in Highlands Ranch, Colorado. Gold Peak was a 259 unit condominium project on the remaining 29 acre land parcel at Palomino Park. On March 13, 2012, in connection with litigation regarding construction defects at the Gold Peak project, a jury rendered its verdict, whereby Reis, one of its subsidiaries (Gold Peak at Palomino Park LLC, the developer of the project (“GP LLC”)), and the construction manager/general contractor for the project (Tri-Star Construction West, LLC (“Tri-Star”)) were found jointly and severally liable for an aggregate of $18,200,000, plus other costs of approximately $756,000. The Company recorded a charge of $14,216,000 during the first quarter of 2012. On June 20, 2012, following denial of all of the defendants’ post-trial motions, Reis reached a settlement with the plaintiff, the Gold Peak homeowners association, providing for a total payment by Reis of $17,000,000. Of this amount, $5,000,000 was paid on August 3, 2012 and the remaining $12,000,000 was paid on October 15, 2012, in accordance with the settlement terms. As a result of the settlement, in the second quarter of 2012 the Company reversed $1,956,000 of the previously recorded charge. In December 2012, the Company recovered $712,500, which offset a portion of the previously recorded charge, resulting in the net litigation charge for the year ended December 31, 2012 of approximately $11,547,000. During the nine months ended September 30, 2013, the Company recovered $80,000; no amounts were recovered during the three months ended September 30, 2013. For additional information pertaining to the Gold Peak litigation, see Note 11.

Restricted_Cash_and_Investment

Restricted Cash and Investments	9 Months Ended
	Sep. 30, 2013
Cash And Cash Equivalents [Abstract]
Restricted Cash and Investments	4.      Restricted Cash and Investments
	Restricted cash and investments represents a security deposit for the 530 Fifth Avenue corporate office space. The Company provided the lessor a bank-issued letter of credit, which is fully collateralized by a certificate of deposit issued by that bank. The restricted cash balance was approximately $217,000 and $216,000 at September 30, 2013 and December 31, 2012, respectively.

Intangible_Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2013
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets	5.      Intangible Assets
	The amount of identified intangible assets, including the respective amounts of accumulated amortization, are as follows:
		September 30,		December 31,
		2013		2012
	Database	$	16,663,000	$	15,175,000
	Accumulated amortization		(12,835,000)		(11,691,000)
	Database, net		3,828,000		3,484,000
	Customer relationships		14,100,000		14,100,000
	Accumulated amortization		(6,175,000)		(5,444,000)
	Customer relationships, net		7,925,000		8,656,000
	Web site		9,900,000		8,325,000
	Accumulated amortization		(6,654,000)		(5,220,000)
	Web site, net		3,246,000		3,105,000
	Acquired below market lease		2,800,000		2,800,000
	Accumulated amortization		(1,939,000)		(1,712,000)
	Acquired below market lease, net		861,000		1,088,000
	Intangibles, net	$	15,860,000	$	16,333,000
	The Company capitalized approximately $464,000 and $520,000 during the three months ended September 30, 2013 and 2012, respectively, and approximately $1,488,000 and $1,459,000 during the nine months ended September 30, 2013 and 2012, respectively, to the database intangible asset. The Company capitalized approximately $468,000 and $474,000 during the three months ended September 30, 2013 and 2012, respectively, and approximately $1,575,000 and $1,443,000 during the nine months ended September 30, 2013 and 2012, respectively, to the web site intangible asset.
	Amortization expense for intangible assets aggregated approximately $1,194,000 and $3,536,000 for the three and nine months ended September 30, 2013, of which approximately $395,000 and $1,144,000 related to the database, which is charged to cost of sales, approximately $243,000 and $731,000 related to customer relationships, which is charged to sales and marketing expense, approximately $480,000 and $1,434,000 related to web site development, which is charged to product development expense, and approximately $76,000 and $227,000 related to the value ascribed to the below market terms of the office lease, which is charged to general and administrative expense, all in the Reis Services segment. Amortization expense for intangible assets aggregated approximately $1,046,000 and $3,533,000 for the three and nine months ended September 30, 2012, of which approximately $330,000 and $1,555,000 related to the database, approximately $246,000 and $738,000 related to customer relationships, approximately $396,000 and $1,013,000 related to web site development, and approximately $75,000 and $227,000 related to the value ascribed to the below market terms of the office lease.

Debt

Debt	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]
Debt	6.      Debt
	In October 2012, Reis Services, as borrower, and the Company, as guarantor, entered into a loan and security agreement with Capital One, National Association, as lender, for a $10,000,000 revolving credit facility (the “Revolver”). The Revolver has a three year term expiring on October 16, 2015, and any borrowings bear interest at a rate of LIBOR + 2.00% per annum (for LIBOR loans) or the greater of 1.00% or the bank’s prime rate minus 0.50% per annum (for base rate loans) and is subject to an unused facility fee of 0.25% per annum. The Company paid a commitment fee of $50,000 in connection with the closing. The Revolver is secured by a security interest in substantially all of the tangible and intangible assets of Reis Services and a pledge by the Company of its membership interests in Reis Services. The Revolver also contains customary affirmative and negative covenants, including minimum financial covenants, as defined in the agreement.
	No debt was outstanding at September 30, 2013 and December 31, 2012.

Income_Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2013
Income Tax Disclosure [Abstract]
Income Taxes	7.      Income Taxes
	The components of the income tax expense (benefit) are as follows:
		For the Three Months Ended				For the Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Current Federal alternative minimum tax (“AMT”) expense	$	6,000	$	—	$	6,000	$	—
	Deferred Federal tax expense (benefit)		354,000		—		760,000		—
	Deferred state and local tax expense (benefit)		73,000		—		156,000		—
	Consolidated income tax expense (benefit), including taxes attributable to discontinued operations (A)		433,000		—		922,000		—
	Less income tax expense (benefit) attributable to discontinued operations		(36,000)		—		(159,000)		—
	Income tax expense (benefit) (B)	$	469,000	$	—	$	1,081,000	$	—
	(A)       Includes income taxes attributable to income from discontinued operations.
	(B)       Reflects the tax expense from continuing operations as reported on the consolidated statements of operations for the periods presented.
	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The net deferred tax asset was approximately $8,706,000 and $9,622,000 at September 30, 2013 and December 31, 2012, respectively, of which $795,000 and $1,065,000 is reflected as a net current asset and $7,911,000 and $8,557,000 is reflected as a net non-current asset in the accompanying consolidated balance sheets, respectively. The significant portion of the deferred tax items primarily relates to: (1) NOL carryforwards; (2) Federal AMT credit carryforwards; (3) stock based compensation; and (4) liability reserves, all as they relate to deferred tax assets; and (5) the deferred tax liability resulting from the intangible assets recorded at the time of the Merger.
	The Company has aggregate Federal, state and local NOL carryforwards aggregating approximately $67,994,000 at December 31, 2012. These NOLs include NOLs generated subsequent to the Merger, losses from Private Reis prior to the Merger, losses obtained from the Company’s 1998 merger with Value Property Trust (“VLP”) and the Company’s operating losses prior to the Merger. Approximately $27,259,000 of these Federal NOLs are subject to an annual limitation, whereas the remaining balance of approximately $40,735,000 is not subject to such a limitation. There is an annual limitation on the use of NOLs after an ownership change, pursuant to Section 382 of the Internal Revenue Code. As a result of the Merger, the Company experienced such an ownership change which resulted in a new annual limitation of $2,779,000. However, because of the accumulation of annual limitations, it is expected that the use of NOLs will not be limited by expiration. A substantial NOL was realized during the year ended December 31, 2012 as a result of the Gold Peak litigation settlement, discussed in Note 11.
	A valuation allowance is required to reduce deferred tax assets if, based on the weight of the evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Accordingly, management has determined that a valuation allowance of approximately $15,217,000 at September 30, 2013 and December 31, 2012, was necessary. The allowance relates primarily to NOL carryforwards and AMT credits. The Company will continue to evaluate the amount of valuation allowance on deferred tax assets during 2013 and in subsequent years based on such factors as historic profitability levels and forecasts of future taxable income.

Stockholders_Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2013
Equity [Abstract]
Stockholders' Equity	8.      Stockholders’ Equity
	Between December 2008 and August 2011, the Company’s board of directors (the “Board”) authorized the repurchase of up to an aggregate amount of $5,000,000 of the Company’s common stock, of which approximately $551,000 remained available for repurchases as of September 30, 2013. The stock repurchases are permitted from time to time in the open market or through privately negotiated transactions. Depending on market conditions, financial developments and other factors, additional amounts may be authorized by the Board whereby future purchases could be commenced or suspended at any time, or from time to time, without prior notice. The Company may make purchases pursuant to a trading plan under Securities Exchange Act Rule 10b5-1, permitting open market purchases of common stock during blackout periods consistent with the Company’s “Policies for Transactions in Reis Stock and Insider Trading and Tipping.” During the three and nine months ended September 30, 2013 and 2012, the Company did not repurchase any shares of common stock.

Stock_Plans_and_Other_Incentiv

Stock Plans and Other Incentives	9 Months Ended
	Sep. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Plans and Other Incentives	9.      Stock Plans and Other Incentives
	The Company has adopted certain incentive plans for the purpose of attracting and retaining the Company’s directors, officers and employees by having the ability to issue options, restricted stock units (“RSUs”), or stock awards. Awards granted under the Company’s incentive plans expire ten years from the date of grant and vest over periods ranging generally from three to five years for employees.
	Option Awards
	The following table presents option activity and other plan data for the nine months ended September 30, 2013 and 2012:
		For the Nine Months Ended September 30,
		2013				2012
		Options		Weighted-		Options		Weighted-
				Average				Average
				Exercise				Exercise
				Price				Price
	Outstanding at beginning of period		645,448	$	8.94		663,172	$	8.82
	Granted		—	$	—		—	$	—
	Exercised		—	$	—		—	$	—
	Cancelled through cash settlement		—	$	—		—	$	—
	Forfeited/cancelled/expired		—	$	—		—	$	—
	Outstanding at end of period		645,448	$	8.94		663,172	$	8.82
	Options exercisable at end of period		645,448	$	8.94		438,172	$	9.23
	Options exercisable which can be settled in cash		35,448	$	4.67		53,172	$	4.60
	Certain outstanding options allow the option holder to receive from the Company, in cancellation of the holder’s option, a cash payment with respect to each cancelled option equal to the amount, if any, by which the fair market value of the share of stock underlying the option exceeds the exercise price of such option. The Company accounts for these options as liability awards. This liability is adjusted at the end of each reporting period to reflect: (1) the net cash payments to option holders made during each period; (2) the impact of the exercise and expiration of options; and (3) changes in the market price of the Company’s common stock. Changes in the settlement value of option awards treated under the liability method are reflected as income or expense in the statements of operations.
	At September 30, 2013, the liability for option cancellations was approximately $407,000 based upon the difference in the closing stock price of the Company’s common stock at September 30, 2013 of $16.15 per share and the individual exercise prices of the outstanding 35,448 “in-the-money” options that were accounted for as a liability award at that date. At December 31, 2012, the liability for option cancellations was approximately $297,000 based upon the difference in the closing stock price of the Company at December 31, 2012 of $13.03 per share and the individual exercise prices of the outstanding 35,448 “in-the-money” options that were accounted for as a liability award at that date. The Company recorded a compensation benefit of approximately $83,000 for the three months ended September 30, 2013 and compensation expense of approximately $97,000 for the three months ended September 30, 2012, and $111,000 and $123,000 for the nine months ended September 30, 2013 and 2012, respectively, in general and administrative expenses in the consolidated statements of operations related to the respective changes in the amount of the liability for option cancellations.
	RSU Awards
	The following table presents the changes in RSUs outstanding for the nine months ended September 30, 2013 and 2012:
		For the Nine Months Ended
		September 30,
		2013		2012
	Outstanding at beginning of period		469,848		590,662
	Granted		100,328		165,461
	Common stock delivered (A)(B)		(205,075)		(217,885)
	Forfeited		(2,263)		—
	Outstanding at end of period		362,838		538,238
	Intrinsic value (C)	$	5,860,000	$	6,157,000
	(A)   Includes 80,139 shares which were used to settle minimum employee withholding tax obligations for 16 employees of approximately $1,280,000 in the nine months ended September 30, 2013. A net of 124,936 shares of common stock were delivered in the nine months ended September 30, 2013. No RSUs vested or were delivered in the three months ended September 30, 2013.
	(B)   Includes 1,202 and 84,367 shares which were used to settle minimum employee withholding tax obligations for one and 16 employees of approximately $13,000 and $851,000 in the three and nine months ended September 30, 2012, respectively. A net 2,132 and 133,518 shares of common stock were delivered in the three and nine months ended September 30, 2012, respectively.
	(C)   For purposes of this calculation, the Company’s closing stock prices were $16.15 and $11.44 per share on September 30, 2013 and 2012, respectively.
	In February 2013, an aggregate of 91,356 RSUs were granted to employees, which RSUs vest one-third a year over three years and had a grant date fair value of $16.20 per RSU (which was determined based on the closing stock price of the Company’s common stock on the applicable date of grant). In February 2012, an aggregate of 143,783 RSUs were granted to employees, which RSUs vest one-third a year over three years and had a grant date fair value of $10.05 per RSU (which was determined based on the closing stock price of the Company’s common stock on the applicable date of grant). The awards granted to employees in the first quarter of 2013 and 2012 are treated as equity awards and the grant date fair value is charged to compensation expense at the corporate level on a straight-line basis over the vesting periods.
	During the nine months ended September 30, 2013, an aggregate of 8,972 RSUs were granted to non-employee directors (with an average grant date fair value of $15.37 per RSU) related to the equity component of their compensation. During the nine months ended September 30, 2012, an aggregate of 21,678 RSUs were granted to non-employee directors (with an average grant date fair value of $9.19 per RSU) related to the equity component of their compensation. In each case, the grant date fair value was determined as of the last trading day of the quarter for which the RSUs were being received as compensation. The RSUs are immediately vested, but are not deliverable to non-employee directors until six months after termination of their service as a director.
	Option and RSU Expense Information
	The Company recorded non-cash compensation expense of approximately $412,000 and $501,000, respectively, including $46,000 in each period related to non-employee director equity compensation, for the three months ended September 30, 2013 and 2012, respectively, related to all stock options and RSUs accounted for as equity awards, as a component of general and administrative expenses in the statements of operations. For the nine months ended September 30, 2013 and 2012, the Company recorded non-cash compensation expense of approximately $1,451,000 and $1,667,000, respectively, including approximately $138,000 and $176,000, respectively, related to non-employee director equity compensation.

Earnings_Per_Common_Share

Earnings Per Common Share	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]
Earnings Per Common Share	10.    Earnings Per Common Share
	Basic earnings per common share is computed based upon the weighted average number of common shares outstanding during the period. Diluted earnings per common share is based upon the increased number of common shares that would be outstanding assuming the exercise of dilutive common share options and the consideration of restricted stock awards. The following table details the computation of earnings per common share, basic and diluted:
		For the Three Months Ended				For the Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Numerator for basic per share calculation:
	Income from continuing operations for basic calculation	$	704,898	$	859,837	$	1,628,960	$	1,494,248
	(Loss) income from discontinued operations, net of income tax expense		(55,947)		(194,313)		(245,869)		(12,844,365)
	Net income (loss) for basic calculation	$	648,951	$	665,524	$	1,383,091	$	(11,350,117)
	Numerator for diluted per share calculation:
	Income from continuing operations	$	704,898	$	859,837	$	1,628,960	$	1,494,248
	Adjustments to income from continuing operations for the statement of operations impact of dilutive securities		(82,948)		—		—		—
	Income from continuing operations for dilution calculation		621,950		859,837		1,628,960		1,494,248
	(Loss) income from discontinued operations, net of income tax expense		(55,947)		(194,313)		(245,869)		(12,844,365)
	Net income (loss) for dilution calculation	$	566,003	$	665,524	$	1,383,091	$	(11,350,117)
	Denominator:
	Weighted average common shares – basic		10,907,579		10,702,509		10,876,279		10,670,966
	Effect of dilutive securities:
	RSUs		238,391		326,586		241,632		296,545
	Stock options		299,356		64,793		264,863		25,925
	Weighted average common shares – diluted		11,445,326		11,093,888		11,382,774		10,993,436
	Per common share amounts – basic:
	Income from continuing operations	$	0.06	$	0.08	$	0.15	$	0.14
	(Loss) income from discontinued operations		—		(0.02)		(0.02)		(1.20)
	Net income (loss)	$	0.06	$	0.06	$	0.13	$	(1.06)
	Per common share amounts – diluted:
	Income from continuing operations	$	0.05	$	0.08	$	0.14	$	0.14
	(Loss) income from discontinued operations		—		(0.02)		(0.02)		(1.17)
	Net income (loss)	$	0.05	$	0.06	$	0.12	$	(1.03)
	Potentially dilutive securities include all stock based awards. For the nine months ended September 30, 2013 and the three and nine months ended September 30, 2012, certain equity awards and option awards accounted for under the liability method, were antidilutive.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2013
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	11.   Commitments and Contingencies
	From time to time, the Company has been, is or may in the future be a defendant in various legal actions arising in the normal course of business. The Company records a provision for a liability when it is both probable that a liability has been incurred and the amount of loss can be reasonably estimated.
	Reis has purchased insurance with respect to construction defect and completed operations at its past real estate projects. Reis has, from time to time, been exposed to various claims associated with the development, construction and sale of condominium units, single family homes or lots. Claims related to dissatisfaction by homeowners and homeowners associations with the construction of condominiums, homes and amenities by us and/or our developer partners in any condominium or subdivision development, or
	other matters, may result in litigation costs, remediation costs, warranty expenses or settlement costs which could be material to the Company’s reportable discontinued operating income (loss), or its consolidated financial position or cash flows. It would not have any effect on the Company’s income from continuing operations.
	Reis, Inc. and two of its subsidiaries (GP LLC and Wellsford Park Highlands Corp. (“WPHC”)) were the subject of a suit brought by the homeowners association at the Company’s former 259-unit Gold Peak condominium project outside of Denver, Colorado. This suit was filed in District Court in Douglas County, Colorado on October 19, 2010, seeking monetary damages (not quantified at the time) relating to design and construction defects at the Gold Peak project. Tri-Star, the construction manager/general contractor for the project (not affiliated with Reis) and two former senior officers of Reis, Inc. (Jeffrey H. Lynford, who was also previously a director of the Company, and David M. Strong) were also named as defendants in the suit. In October 2011, experts for the plaintiff delivered a report alleging a cost to repair of approximately $19,000,000. Trial commenced on February 21, 2012 and a jury rendered its verdict on March 13, 2012 finding Reis, GP LLC and Tri-Star jointly and severally liable for an aggregate of $18,200,000, plus other costs of approximately $756,000.
	As of December 31, 2011, based on the best available information at that time, the Company recorded a charge of approximately $4,460,000 in discontinued operations, representing the low end of the Company’s expected range of net exposure. This amount reflected an aggregate minimum liability of approximately $7,740,000, less the then minimum expected insurance recovery of $3,000,000 and other previously reserved amounts. At March 31, 2012, as a result of the verdict, the Company recorded an additional charge of $14,216,000 in discontinued operations in the first quarter of 2012, to bring the Company’s liability up to the $18,200,000 judgment, plus other costs of approximately $756,000. As of March 31, 2012, the Company, in accordance with the applicable accounting literature, could no longer conclude that $3,000,000 of insurance was probable of being recovered. These charges were reflected in discontinued operations and negatively impacted consolidated net income (loss), but did not impact income from continuing operations.
	On June 20, 2012, following denial of all of the defendants’ post-trial motions, Reis reached a settlement with the plaintiff, providing for a total payment by Reis of $17,000,000. Of this amount, $5,000,000 was paid on August 3, 2012 and the remaining $12,000,000 was paid on October 15, 2012, in accordance with the settlement terms. In reaching the decision to settle, Reis’s management and Board considered, among other factors: (1) the amount of the settlement versus the potential for an ultimately greater judgment after appeal, including additional costs and post-judgment interest; (2) the benefits of the clarity of settling the case at this time versus continuing uncertainty; and (3) the strong cash flow generation of Reis Services’s core business. As a result of the settlement, in the second quarter of 2012 the Company reversed $1,956,000 of the previously recorded charge. In December 2012, the Company recovered $712,500, which offset a portion of the previously recorded charge, resulting in the net litigation charge for the year ended December 31, 2012 of approximately $11,547,000. During the nine months ended September 30, 2013, the Company recovered $80,000; no amounts were recovered during the three months ended September 30, 2013.
	In connection with the development of Gold Peak, the Company purchased a commercial general liability “WRAP” insurance policy from a predecessor of ACE Westchester (“ACE”) covering the Company (including its subsidiaries) and its former officers, Tri-Star and Tri-Star’s subcontractors. The Company, upon advice of counsel and based on a reading of the policy, has taken the position that a total of $9,000,000 (and possibly $12,000,000) of coverage is available for this claim. ACE has taken the position that only $3,000,000 of coverage (including defense costs) was provided. The Company has filed suit against ACE, alleging failure to cover this claim, bad faith and other related causes of action. In particular, the Gold Peak litigation could have been settled for $12,000,000 or less prior to the trial. The Company takes the position that ACE is liable for all damages stemming from this failure to engage and settle. Additionally, the Company has added claims against multiple additional insurance companies under policies maintained by the Company, including Reis’s directors’ and officers’ insurance policy, and against Reis’s former insurance broker. The Company has also brought separate claims against Tri-Star, the subcontractors, the architect and a third party inspector engaged at Gold Peak, relating to those parties’ actions on the project.
	Reis continues to consider its options with respect to contribution or other actions against potentially responsible third parties and/or co-defendants in the lawsuit, and will pursue all reasonable efforts to mitigate the effects of this settlement. There is no assurance that the Company will be successful in these additional recovery efforts.
	The Company is not a party to any other litigation that could reasonably be foreseen to be material to the Company.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	12.   Fair Value of Financial Instruments
	At September 30, 2013 and December 31, 2012, the Company’s financial instruments included receivables, payables, accrued expenses and other liabilities. The fair values of these financial instruments, were not materially different from their recorded values at September 30, 2013 and December 31, 2012. There was no debt balance outstanding at September 30, 2013 and December 31, 2012. See Note 6 for the additional information about the Company’s debt.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation
	The accompanying consolidated financial statements include the accounts of the Company and its majority-owned and controlled subsidiaries. Investments in entities where the Company does not have a controlling interest are accounted for under the equity method of accounting. These investments were initially recorded at cost and were subsequently adjusted for the Company’s proportionate share of the investment’s income (loss) and additional contributions or distributions. All inter-company accounts and transactions among the Company and its subsidiaries have been eliminated in consolidation.
Discontinued Operations	Discontinued Operations
	The Company determined, as a result of the April 2011 sale of property in East Lyme, Connecticut, that the Residential Development Activities segment, including certain general and administrative costs that supported that segment’s operations, should be presented as a discontinued operation. As a result of this determination and the fact that the historic operations and cash flows can be clearly distinguished, the operating results of the Residential Development Activities segment and related general and administrative costs are aggregated for separate presentation apart from continuing operating results of the Company in the consolidated financial statements for all periods presented.
Quarterly Reporting	Quarterly Reporting
	The accompanying consolidated financial statements and notes of the Company have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures normally included in financial statements prepared under Generally Accepted Accounting Principles in the United States (“GAAP”) have been condensed or omitted pursuant to such rules. In the opinion of management, all adjustments considered necessary for a fair presentation of the Company’s balance sheets, statements of operations, statement of changes in stockholders’ equity and statements of cash flows have been included and are of a normal and recurring nature. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2012, as filed with the SEC on March 13, 2013. The consolidated statements of operations for the three and nine months ended September 30, 2013 and 2012 and changes in cash flows for the nine months ended September 30, 2013 and 2012 are not necessarily indicative of full year results.
Estimates	Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	From time to time, the Company has been, is or may in the future be a defendant in various legal actions arising in the normal course of business. The Company records a provision for a liability when it is both probable that a liability has been incurred and the amount of loss can be reasonably estimated. The outcome of any litigation is uncertain; it is possible that a judgment in any legal actions to which the Company is a party, or which are proposed or threatened, will have a material adverse effect on the consolidated financial statements. See Note 11.
New Accounting Pronouncements	New Accounting Pronouncements
	In July 2013, the FASB issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”). ASU 2013-11 changes the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. These changes require an entity to present an unrecognized tax benefit as a liability in the financial statements if (i) a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position, or (ii) the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset to settle any additional income taxes that would result from the disallowance of a tax position. Otherwise, an unrecognized tax benefit is required to be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. Previously, there was diversity in practice as no explicit guidance existed. The guidance in ASU 2013-11 is effective for public companies for fiscal years, and interim periods within those years, beginning after December 15, 2013. Management has determined that the adoption of these changes will not have a significant impact on the consolidated financial statements.

Segment_Information_Tables

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2013
Segment Reporting [Abstract]
Condensed Balance Sheet and Operating Data for Segments	The following tables present condensed balance sheet and operating data for these segments:
	(amounts in thousands)
	Condensed Balance Sheet Data		Reis		Discontinued		Other (B)		Consolidated
	September 30, 2013		Services		Operations (A)
	Assets
	Current assets:
	Cash and cash equivalents		$	10,043	$	—	$	199	$	10,242
	Restricted cash and investments			217		—		—		217
	Accounts receivable, net			4,450		—		—		4,450
	Prepaid and other assets			266		—		1,114		1,380
	Total current assets			14,976		—		1,313		16,289
	Furniture, fixtures and equipment, net			838		—		26		864
	Intangible assets, net			15,860		—		—		15,860
	Deferred tax asset, net			—		—		7,911		7,911
	Goodwill			57,203		—		(2,378)		54,825
	Other assets			247		—		—		247
	Total assets		$	89,124	$	—	$	6,872	$	95,996
	Liabilities and stockholders’ equity
	Current liabilities:
	Current portion of debt		$	—	$	—	$	—	$	—
	Accrued expenses and other liabilities			2,162		—		1,016		3,178
	Liability for option cancellations			—		—		408		408
	Deferred revenue			15,467		—		—		15,467
	Liabilities attributable to discontinued operations			—		278		45		323
	Total current liabilities			17,629		278		1,469		19,376
	Other long-term liabilities			509		—		—		509
	Deferred tax liability, net			18,420		—		(18,420)		—
	Total liabilities			36,558		278		(16,951)		19,885
	Total stockholders’ equity			52,566		(278)		23,823		76,111
	Total liabilities and stockholders’ equity		$	89,124	$	—	$	6,872	$	95,996
		(A)	Includes the assets and liabilities of the Company’s discontinued Residential Development Activities segment, to the extent that such assets and liabilities existed at the date presented.
		(B)	Includes cash, other assets and liabilities not specifically attributable to or allocable to a specific operating segment.
	(amounts in thousands)
	Condensed Balance Sheet Data		Reis		Discontinued		Other (B)		Consolidated
	December 31, 2012		Services		Operations (A)
	Assets
	Current assets:
	Cash and cash equivalents		$	4,212	$	—	$	749	$	4,961
	Restricted cash and investments			216		—		—		216
	Accounts receivable, net			10,694		—		—		10,694
	Prepaid and other assets			219		—		1,220		1,439
	Total current assets			15,341		—		1,969		17,310
	Furniture, fixtures and equipment, net			705		—		33		738
	Intangible assets, net			16,333		—		—		16,333
	Deferred tax asset, net			—		—		8,557		8,557
	Goodwill			57,203		—		(2,378)		54,825
	Other assets			271		—		—		271
	Total assets		$	89,853	$	—	$	8,181	$	98,034
	Liabilities and stockholders’ equity
	Current liabilities:
	Current portion of debt		$	—	$	—	$	—	$	—
	Accrued expenses and other liabilities			2,556		—		1,346		3,902
	Liability for option cancellations			—		—		297		297
	Deferred revenue			18,230		—		—		18,230
	Liabilities attributable to discontinued operations			—		271		189		460
	Total current liabilities			20,786		271		1,832		22,889
	Other long-term liabilities			588		—		—		588
	Deferred tax liability, net			15,786		—		(15,786)		—
	Total liabilities			37,160		271		(13,954)		23,477
	Total stockholders’ equity			52,693		(271)		22,135		74,557
	Total liabilities and stockholders’ equity		$	89,853	$	—	$	8,181	$	98,034
		(A)	Includes the assets and liabilities of the Company’s discontinued Residential Development Activities segment, to the extent that such assets and liabilities existed at the date presented.
		(B)	Includes cash, other assets and liabilities not specifically attributable to or allocable to a specific operating segment.
	(amounts in thousands)
Condensed Operating Data for the		Reis		Discontinued		Other (B)		Consolidated
Three Months Ended September 30, 2013		Services		Operations (A)
Subscription revenue		$	8,780	$	—	$	—	$	8,780
Cost of sales of subscription revenue			1,755		—		—		1,755
Gross profit			7,025		—		—		7,025
Operating expenses:
Sales and marketing			2,097		—		—		2,097
Product development			836		—		—		836
General and administrative expenses			1,686		—		1,207		2,893
Total operating expenses			4,619		—		1,207		5,826
Other income (expenses):
Interest and other income			3		—		—		3
Interest expense			(28)		—		—		(28)
Total other income (expenses)			(25)		—		—		(25)
Income (loss) before income taxes and discontinued operations		$	2,381	$	—	$	(1,207)	$	1,174
(Loss) from discontinued operations, before income taxes		$	—	$	(8)	$	(84)	$	(92)
Condensed Operating Data for the		Reis		Discontinued		Other (B)		Consolidated
Three Months Ended September 30, 2012		Services		Operations (A)
Subscription revenue		$	7,827	$	—	$	—	$	7,827
Cost of sales of subscription revenue			1,476		—		—		1,476
Gross profit			6,351		—		—		6,351
Operating expenses:
Sales and marketing			1,908		—		—		1,908
Product development			661		—		—		661
General and administrative expenses			1,691		—		1,246		2,937
Total operating expenses			4,260		—		1,246		5,506
Other income (expenses):
Interest and other income			16		—		—		16
Interest expense			(1)		—		—		(1)
Total other income (expenses)			15		—		—		15
Income (loss) before income taxes and discontinued operations		$	2,106	$	—	$	(1,246)	$	860
Income (loss) from discontinued operations, before income taxes		$	—	$	2	$	(196)	$	(194)
	(A)	Includes the results of the Company’s discontinued Residential Development Activities segment, to the extent that such operations existed during the period presented.
	(B)	Includes interest and other income, depreciation expense and general and administrative expenses that have not been allocated to the operating segments.
(amounts in thousands)
Condensed Operating Data for the		Reis		Discontinued		Other (B)		Consolidated
Nine Months Ended September 30, 2013		Services		Operations (A)
Subscription revenue		$	25,512	$	—	$	—	$	25,512
Cost of sales of subscription revenue			5,111		—		—		5,111
Gross profit			20,401		—		—		20,401
Operating expenses:
Sales and marketing			6,098		—		—		6,098
Product development			2,349		—		—		2,349
General and administrative expenses			5,205		—		3,962		9,167
Total operating expenses			13,652		—		3,962		17,614
Other income (expenses):
Interest and other income			7		—		—		7
Interest expense			(84)		—		—		(84)
Total other income (expenses)			(77)		—		—		(77)
Income (loss) before income taxes and discontinued operations		$	6,672	$	—	$	(3,962)	$	2,710
(Loss) from discontinued operations, before income taxes		$	—	$	(8)	$	(397)	$	(405)
Condensed Operating Data for the		Reis		Discontinued		Other (B)		Consolidated
Nine Months Ended September 30, 2012		Services		Operations (A)
Subscription revenue		$	22,647	$	—	$	—	$	22,647
Cost of sales of subscription revenue			5,007		—		—		5,007
Gross profit			17,640		—		—		17,640
Operating expenses:
Sales and marketing			5,459		—		—		5,459
Product development			1,741		—		—		1,741
General and administrative expenses			5,013		—		3,853		8,866
Total operating expenses			12,213		—		3,853		16,066
Other income (expenses):
Interest and other income			47		—		1		48
Interest expense			(128)		—		—		(128)
Total other income (expenses)			(81)		—		1		(80)
Income (loss) before income taxes and discontinued operations		$	5,346	$	—	$	(3,852)	$	1,494
(Loss) from discontinued operations, before income taxes		$	—	$	(12,648)	$	(196)	$	(12,844)
	(A)	Includes the results of the Company’s discontinued Residential Development Activities segment, to the extent that such operations existed during the period presented.
	(B)	Includes interest and other income, depreciation expense and general and administrative expenses that have not been allocated to the operating segments.
Balance of Outstanding Accounts Receivables of Reis Services	The balance of outstanding accounts receivables of Reis Services at September 30, 2013 and December 31, 2012 follows:
			September 30,		December 31,
			2013		2012
	Accounts receivables		$	4,515,000	$	10,763,000
	Allowance for doubtful accounts			(65,000)		(69,000)
	Accounts receivables, net		$	4,450,000	$	10,694,000
(Loss) Income from Discontinued Operations	(Loss) income from discontinued operations is comprised of the following:
			For the Three Months Ended				For the Nine Months Ended
			September 30,				September 30,
			2013		2012		2013		2012
	Litigation charge, net of recoveries (see Note 11)		$	—	$	—	$	80,000	$	(12,260,000)
	Other income (expense), net			(92,000)		(194,000)		(485,000)		(584,000)
	(Loss) income from discontinued operations before income tax			(92,000)		(194,000)		(405,000)		(12,844,000)
	Income tax (benefit) expense on discontinued operations			(36,000)		—		(159,000)		—
	(Loss) income from discontinued operations, net of income tax (benefit) expense		$	(56,000)	$	(194,000)	$	(246,000)	$	(12,844,000)

Intangible_Assets_Tables

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2013
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Identified Intangible Assets	The amount of identified intangible assets, including the respective amounts of accumulated amortization, are as follows:
		September 30,		December 31,
		2013		2012
	Database	$	16,663,000	$	15,175,000
	Accumulated amortization		(12,835,000)		(11,691,000)
	Database, net		3,828,000		3,484,000
	Customer relationships		14,100,000		14,100,000
	Accumulated amortization		(6,175,000)		(5,444,000)
	Customer relationships, net		7,925,000		8,656,000
	Web site		9,900,000		8,325,000
	Accumulated amortization		(6,654,000)		(5,220,000)
	Web site, net		3,246,000		3,105,000
	Acquired below market lease		2,800,000		2,800,000
	Accumulated amortization		(1,939,000)		(1,712,000)
	Acquired below market lease, net		861,000		1,088,000
	Intangibles, net	$	15,860,000	$	16,333,000

Income_Taxes_Tables

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2013
Income Tax Disclosure [Abstract]
Components of Income Tax Expense (Benefit)	The components of the income tax expense (benefit) are as follows:
		For the Three Months Ended				For the Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Current Federal alternative minimum tax (“AMT”) expense	$	6,000	$	—	$	6,000	$	—
	Deferred Federal tax expense (benefit)		354,000		—		760,000		—
	Deferred state and local tax expense (benefit)		73,000		—		156,000		—
	Consolidated income tax expense (benefit), including taxes attributable to discontinued operations (A)		433,000		—		922,000		—
	Less income tax expense (benefit) attributable to discontinued operations		(36,000)		—		(159,000)		—
	Income tax expense (benefit) (B)	$	469,000	$	—	$	1,081,000	$	—
	(A)       Includes income taxes attributable to income from discontinued operations.
	(B)       Reflects the tax expense from continuing operations as reported on the consolidated statements of operations for the periods presented.

Stock_Plans_and_Other_Incentiv1

Stock Plans and Other Incentives (Tables)	9 Months Ended
	Sep. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Option Activity and Other Plan Data	The following table presents option activity and other plan data for the nine months ended September 30, 2013 and 2012:
		For the Nine Months Ended September 30,
		2013				2012
		Options		Weighted-		Options		Weighted-
				Average				Average
				Exercise				Exercise
				Price				Price
	Outstanding at beginning of period		645,448	$	8.94		663,172	$	8.82
	Granted		—	$	—		—	$	—
	Exercised		—	$	—		—	$	—
	Cancelled through cash settlement		—	$	—		—	$	—
	Forfeited/cancelled/expired		—	$	—		—	$	—
	Outstanding at end of period		645,448	$	8.94		663,172	$	8.82
	Options exercisable at end of period		645,448	$	8.94		438,172	$	9.23
	Options exercisable which can be settled in cash		35,448	$	4.67		53,172	$	4.60
Changes in RSUs	The following table presents the changes in RSUs outstanding for the nine months ended September 30, 2013 and 2012:
		For the Nine Months Ended
		September 30,
		2013		2012
	Outstanding at beginning of period		469,848		590,662
	Granted		100,328		165,461
	Common stock delivered (A)(B)		(205,075)		(217,885)
	Forfeited		(2,263)		—
	Outstanding at end of period		362,838		538,238
	Intrinsic value (C)	$	5,860,000	$	6,157,000
	(A)   Includes 80,139 shares which were used to settle minimum employee withholding tax obligations for 16 employees of approximately $1,280,000 in the nine months ended September 30, 2013. A net of 124,936 shares of common stock were delivered in the nine months ended September 30, 2013. No RSUs vested or were delivered in the three months ended September 30, 2013.
	(B)   Includes 1,202 and 84,367 shares which were used to settle minimum employee withholding tax obligations for one and 16 employees of approximately $13,000 and $851,000 in the three and nine months ended September 30, 2012, respectively. A net 2,132 and 133,518 shares of common stock were delivered in the three and nine months ended September 30, 2012, respectively.
	(C)   For purposes of this calculation, the Company’s closing stock prices were $16.15 and $11.44 per share on September 30, 2013 and 2012, respectively.

Earnings_Per_Common_Share_Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]
Details of Computation of Earnings Per Common Share, Basic and Diluted	The following table details the computation of earnings per common share, basic and diluted:
		For the Three Months Ended				For the Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Numerator for basic per share calculation:
	Income from continuing operations for basic calculation	$	704,898	$	859,837	$	1,628,960	$	1,494,248
	(Loss) income from discontinued operations, net of income tax expense		(55,947)		(194,313)		(245,869)		(12,844,365)
	Net income (loss) for basic calculation	$	648,951	$	665,524	$	1,383,091	$	(11,350,117)
	Numerator for diluted per share calculation:
	Income from continuing operations	$	704,898	$	859,837	$	1,628,960	$	1,494,248
	Adjustments to income from continuing operations for the statement of operations impact of dilutive securities		(82,948)		—		—		—
	Income from continuing operations for dilution calculation		621,950		859,837		1,628,960		1,494,248
	(Loss) income from discontinued operations, net of income tax expense		(55,947)		(194,313)		(245,869)		(12,844,365)
	Net income (loss) for dilution calculation	$	566,003	$	665,524	$	1,383,091	$	(11,350,117)
	Denominator:
	Weighted average common shares – basic		10,907,579		10,702,509		10,876,279		10,670,966
	Effect of dilutive securities:
	RSUs		238,391		326,586		241,632		296,545
	Stock options		299,356		64,793		264,863		25,925
	Weighted average common shares – diluted		11,445,326		11,093,888		11,382,774		10,993,436
	Per common share amounts – basic:
	Income from continuing operations	$	0.06	$	0.08	$	0.15	$	0.14
	(Loss) income from discontinued operations		—		(0.02)		(0.02)		(1.20)
	Net income (loss)	$	0.06	$	0.06	$	0.13	$	(1.06)
	Per common share amounts – diluted:
	Income from continuing operations	$	0.05	$	0.08	$	0.14	$	0.14
	(Loss) income from discontinued operations		—		(0.02)		(0.02)		(1.17)
	Net income (loss)	$	0.05	$	0.06	$	0.12	$	(1.03)

Organization_and_Business_Addi

Organization and Business - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2013
	Project
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Number of residential projects before merger	3
Percentage of ownership interest before merger	23.00%

Segment_Information_Additional

Segment Information - Additional Information (Detail) (USD $)

3 Months Ended

9 Months Ended

1 Months Ended

3 Months Ended

6 Months Ended

9 Months Ended

12 Months Ended

1 Months Ended

9 Months Ended

1 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Mar. 31, 2012

Sep. 30, 2013

Jun. 30, 2012

Mar. 31, 2012

Jun. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Dec. 31, 2011

Sep. 30, 2009

Aug. 03, 2012

Sep. 30, 2013

Oct. 15, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Subscriber

Segment

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Maximum [Member]

Minimum [Member]

Subscriber

acre

First Installment [Member]

First Installment [Member]

Second Installment [Member]

Second Installment [Member]

Segment

Segment Reporting Information [Line Items]

Numbers of Segment

2

No individual customer accounted for maximum service revenue

3.50%

4.40%

Nine subscribers accounted for an aggregate accounts receivable

36.60%

36.60%

Subscribers accounted for accounts receivable

5.70%

4.00%

Payments received against accounts receivable

$1,709,000

$1,709,000

Percentage collected from trade accounts receivable

37.90%

No individual customer accounted for maximum deferred revenue

3.30%

3.30%

Number of subscriber contributing largest share among the major account receivable

5

5

Number of units

259

Number of acres prior to sale

29

Litigation charge regarding construction defects

18,200,000

Other charges regarding construction defects

756,000

756,000

Litigation charge

-80,000

12,260,000

-1,956,000

14,216,000

11,547,000

4,460,000

Settlement with the plaintiff

-17,000,000

Installment amount due

5,000,000

12,000,000

Installment due date

3-Aug-12

15-Oct-12

Litigation recovery

$80,000

$712,500

Segment_Information_Condensed_

Segment Information - Condensed balance sheet data for segment (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$10,242,434	$4,960,850	$14,958,998	$22,152,802
Restricted cash and investments	216,566	216,125
Accounts receivable, net	4,449,514	10,694,201
Prepaid and other assets	1,380,709	1,438,829
Total current assets	16,289,223	17,310,005
Furniture, fixtures and equipment, net	864,014	738,490
Intangible assets, net	15,859,904	16,332,596
Deferred tax asset, net	7,911,420	8,557,420
Goodwill	54,824,648	54,824,648
Other assets	246,960	271,257
Total assets	95,996,169	98,034,416
Current liabilities:
Current portion of debt
Accrued expenses and other liabilities	3,178,880	3,902,206
Liability for option cancellations	407,120	296,523
Deferred revenue	15,466,666	18,230,332
Liabilities attributable to discontinued operations	323,404	460,251
Total current liabilities	19,376,070	22,889,312
Other long-term liabilities	509,427	588,484
Deferred tax liability, net
Total liabilities	19,885,497	23,477,796
Total stockholders' equity	76,110,672	74,556,620
Total liabilities and stockholders' equity	95,996,169	98,034,416
Reis Services [Member]
Current assets:
Cash and cash equivalents	10,043,000	4,212,000
Restricted cash and investments	217,000	216,000
Accounts receivable, net	4,449,514	10,694,201
Prepaid and other assets	266,000	219,000
Total current assets	14,976,000	15,341,000
Furniture, fixtures and equipment, net	838,000	705,000
Intangible assets, net	15,860,000	16,333,000
Deferred tax asset, net
Goodwill	57,203,000	57,203,000
Other assets	247,000	271,000
Total assets	89,124,000	89,853,000
Current liabilities:
Current portion of debt
Accrued expenses and other liabilities	2,162,000	2,556,000
Liability for option cancellations
Deferred revenue	15,467,000	18,230,000
Liabilities attributable to discontinued operations
Total current liabilities	17,629,000	20,786,000
Other long-term liabilities	509,000	588,000
Deferred tax liability, net	18,420,000	15,786,000
Total liabilities	36,558,000	37,160,000
Total stockholders' equity	52,566,000	52,693,000
Total liabilities and stockholders' equity	89,124,000	89,853,000
Discontinued Operations [Member]
Current assets:
Cash and cash equivalents
Restricted cash and investments
Accounts receivable, net
Prepaid and other assets
Total current assets
Furniture, fixtures and equipment, net
Intangible assets, net
Deferred tax asset, net
Goodwill
Other assets
Total assets
Current liabilities:
Current portion of debt
Accrued expenses and other liabilities
Liability for option cancellations
Deferred revenue
Liabilities attributable to discontinued operations	278,000	271,000
Total current liabilities	278,000	271,000
Other long-term liabilities
Deferred tax liability, net
Total liabilities	278,000	271,000
Total stockholders' equity	-278,000	-271,000
Total liabilities and stockholders' equity
Other [Member]
Current assets:
Cash and cash equivalents	199,000	749,000
Restricted cash and investments
Accounts receivable, net
Prepaid and other assets	1,114,000	1,220,000
Total current assets	1,313,000	1,969,000
Furniture, fixtures and equipment, net	26,000	33,000
Intangible assets, net
Deferred tax asset, net	7,911,000	8,557,000
Goodwill	-2,378,000	-2,378,000
Other assets
Total assets	6,872,000	8,181,000
Current liabilities:
Current portion of debt
Accrued expenses and other liabilities	1,016,000	1,346,000
Liability for option cancellations	408,000	297,000
Deferred revenue
Liabilities attributable to discontinued operations	45,000	189,000
Total current liabilities	1,469,000	1,832,000
Other long-term liabilities
Deferred tax liability, net	-18,420,000	-15,786,000
Total liabilities	-16,951,000	-13,954,000
Total stockholders' equity	23,823,000	22,135,000
Total liabilities and stockholders' equity	$6,872,000	$8,181,000

Segment_Information_Condensed_1

Segment Information - Condensed Operating Data for Segments (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Segment Reporting Information [Line Items]
Subscription revenue	$8,780,212	$7,826,701	$25,512,849	$22,647,158
Cost of sales of subscription revenue	1,755,020	1,475,495	5,111,217	5,006,705
Gross profit	7,025,192	6,351,206	20,401,632	17,640,453
Operating expenses:
Sales and marketing	2,096,965	1,908,668	6,097,549	5,459,591
Product development	835,811	660,620	2,349,576	1,740,619
General and administrative expenses	2,893,109	2,937,199	9,167,171	8,865,783
Total operating expenses	5,825,885	5,506,487	17,614,296	16,065,993
Other income (expenses):
Interest and other income	2,943	15,649	7,472	47,921
Interest expense	-28,352	-531	-84,848	-128,133
Total other income (expenses)	-25,409	15,118	-77,376	-80,212
Income (loss) before income taxes and discontinued operations	1,173,898	859,837	2,709,960	1,494,248
(Loss) from discontinued operations, before income taxes	-92,000	-194,000	-405,000	-12,844,000
Reis Services [Member]
Segment Reporting Information [Line Items]
Subscription revenue	8,780,212	7,827,000	25,512,849	22,647,158
Cost of sales of subscription revenue	1,755,020	1,476,000	5,111,217	5,006,705
Gross profit	7,025,192	6,351,000	20,401,632	17,640,453
Operating expenses:
Sales and marketing	2,096,965	1,908,000	6,097,549	5,459,591
Product development	835,811	661,000	2,349,576	1,740,619
General and administrative expenses	1,686,000	1,691,000	5,205,000	5,013,000
Total operating expenses	4,619,000	4,260,000	13,652,000	12,213,000
Other income (expenses):
Interest and other income	2,943	16,000	7,472	47,000
Interest expense	-28,352	-1,000	-84,848	-128,000
Total other income (expenses)	-25,409	15,000	-77,376	-81,000
Income (loss) before income taxes and discontinued operations	2,381,000	2,106,000	6,672,000	5,346,000
(Loss) from discontinued operations, before income taxes
Discontinued Operations [Member]
Segment Reporting Information [Line Items]
Subscription revenue
Cost of sales of subscription revenue
Gross profit
Operating expenses:
Sales and marketing
Product development
General and administrative expenses
Total operating expenses
Other income (expenses):
Interest and other income
Interest expense
Total other income (expenses)
Income (loss) before income taxes and discontinued operations
(Loss) from discontinued operations, before income taxes	-8,000	2,000	-8,000	-12,648,000
Other [Member]
Segment Reporting Information [Line Items]
Subscription revenue
Cost of sales of subscription revenue
Gross profit
Operating expenses:
Sales and marketing
Product development
General and administrative expenses	1,207,000	1,246,000	3,962,000	3,853,000
Total operating expenses	1,207,000	1,246,000	3,962,000	3,853,000
Other income (expenses):
Interest and other income				1,000
Interest expense
Total other income (expenses)				1,000
Income (loss) before income taxes and discontinued operations	-1,207,000	-1,246,000	-3,962,000	-3,852,000
(Loss) from discontinued operations, before income taxes	($84,000)	($196,000)	($397,000)	($196,000)

Segment_Information_Balance_of

Segment Information - Balance of outstanding accounts receivables of Reis Services (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Accounts receivable, net	$4,449,514	$10,694,201
Reis Services [Member]
Segment Reporting Information [Line Items]
Accounts receivables	4,515,000	10,763,000
Allowance for doubtful accounts	-65,000	-69,000
Accounts receivable, net	$4,449,514	$10,694,201

Segment_Information_Loss_Incom

Segment Information - (Loss) Income from Discontinued Operations (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Segment Reporting [Abstract]
Litigation charge, net of recoveries (see Note 11)			$80,000	($12,260,000)
Other income (expense), net	-92,000	-194,000	-485,000	-584,000
(Loss) income from discontinued operations before income tax	-92,000	-194,000	-405,000	-12,844,000
Income tax (benefit) expense on discontinued operations	-36,000		-159,000
(Loss) income from discontinued operations, net of income tax (benefit) expense	($55,947)	($194,313)	($245,869)	($12,844,365)

Restricted_Cash_and_Investment1

Restricted Cash and Investments - Additional Information (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Cash And Cash Equivalents [Abstract]
Restricted Cash	$216,566	$216,125

Intangible_Assets_Summary_of_i

Intangible Assets - Summary of identified intangible assets (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	($27,603,308)	($24,067,250)
Total	15,859,904	16,332,596
Database [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	16,663,000	15,175,000
Accumulated amortization	-12,835,000	-11,691,000
Total	3,828,000	3,484,000
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	14,100,000	14,100,000
Accumulated amortization	-6,175,000	-5,444,000
Total	7,925,000	8,656,000
Web site [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	9,900,000	8,325,000
Accumulated amortization	-6,654,000	-5,220,000
Total	3,246,000	3,105,000
Acquired below market lease [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	2,800,000	2,800,000
Accumulated amortization	-1,939,000	-1,712,000
Total	$861,000	$1,088,000

Intangible_Assets_Additional_I

Intangible Assets - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets	$1,194,000	$1,046,000	$3,536,058	$3,533,297
Database [Member]
Finite-Lived Intangible Assets [Line Items]
Amount Capitalize Intangible Asset	464,000	520,000	1,488,000	1,459,000
Amortization expense for intangible assets	395,000	330,000	1,144,000	1,555,000
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets	243,000	246,000	731,000	738,000
Web site [Member]
Finite-Lived Intangible Assets [Line Items]
Amount Capitalize Intangible Asset	468,000	474,000	1,575,000	1,443,000
Amortization expense for intangible assets	480,000	396,000	1,434,000	1,013,000
Acquired below market lease [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets	$76,000	$75,000	$227,000	$227,000

Debt_Additional_Information_De

Debt - Additional Information (Detail) (USD $)	9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012	Oct. 31, 2012
Debt Instrument [Line Items]
Amount of revolving credit facility			$10,000,000
Expiry period of revolver	3 years
Revolver interest rate LIBOR	Interest at a rate of LIBOR + 2.00% per annum (for LIBOR loans) or the greater of 1.00% or the bank's prime rate minus 0.50% per annum (for base rate loans) with an unused facility fee of 0.25% per annum.
Base rate loan	1.00%
Commitment fee	50,000
Date of expiry	16-Oct-15
Unused credit facility fee	0.25%
Outstanding debt at end	$0	$0
LIBOR Loans [Member]
Debt Instrument [Line Items]
Rate of Base Rate Loans	2.00%
Base Rate Loans [Member]
Debt Instrument [Line Items]
Rate of Base Rate Loans	-0.50%

Income_Taxes_Components_of_the

Income Taxes - Components of the income tax expense (benefit) (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Tax Disclosure [Abstract]
Current Federal alternative minimum tax ("AMT") expense	$6,000		$6,000
Deferred Federal tax expense (benefit)	354,000		760,000
Deferred state and local tax expense (benefit)	73,000		156,000
Consolidated income tax expense (benefit), including taxes attributable to discontinued operations	433,000		922,000
Less income tax expense (benefit) attributable to discontinued operations	-36,000		-159,000
Income tax expense (benefit)	$469,000		$1,081,000

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Net deferred tax asset	$8,706,000	$9,622,000
Net current deferred tax asset	795,000	1,065,000
Net non-current deferred tax asset	7,911,000	8,557,000
Aggregate Federal, state and local NOL		67,994,000
Federal NOLs subject to an annual limitation		27,259,000
Federal NOLs not subject to an annual limitation		40,735,000
New NOLs annual limitation as a result of merger		2,779,000
Valuation allowance	$15,217,000	$15,217,000

Stockholders_Equity_Additional

Stockholders' Equity - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended		33 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Aug. 31, 2011
Stockholders Equity Note [Abstract]
Common stock repurchase authorized					$5,000,000
Common stock remained available			$551,000
Repurchase of common stock	0	0	0	0

Stock_Plans_and_Other_Incentiv2

Stock Plans and Other Incentives - Additional Information (Detail) (USD $)

3 Months Ended

9 Months Ended

9 Months Ended

1 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Feb. 28, 2013

Feb. 29, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Money option [Member]

Money option [Member]

RSU [Member]

RSU [Member]

RSU [Member]

RSU [Member]

RSU [Member]

RSU [Member]

Non Employee Directors Compensation Plan [Member]

Non Employee Directors Compensation Plan [Member]

Non Employee Directors Compensation Plan [Member]

Non Employee Directors Compensation Plan [Member]

Minimum [Member]

Minimum [Member]

Maximum [Member]

Non-employee directors [Member]

Non-employee directors [Member]

Employees [Member]

Employees [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Expiration period of the awards granted under the company's incentive plans

10 years

Vesting period of stock awards for employees

3 years

3 years

5 years

Liability for option cancellations amount

$407,000

$297,000

Closing stock price

$16.15

$11.44

$16.15

$11.44

$13.03

Outstanding in-the-money options

35,448

35,448

Recorded compensation expense (benefit)

-83,000

97,000

111,000

123,000

RSUs granted to employees

100,328

165,461

8,972

21,678

91,356

143,783

Weighted average grant date fair value

$15.37

$9.19

$16.20

$10.05

Vesting Rights

RSUs vest one-third a year over three years

RSUs vest one-third a year over three years

Number of months after the termination of service, RSUs delivered to non-employee directors

6 months

Non-cash compensation expense

$412,000

$501,000

$1,451,337

$1,666,866

$46,000

$46,000

$138,000

$176,000

Stock_Plans_and_Other_Incentiv3

Stock Plans and Other Incentives - Option activity and other plan data (Detail) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding [Roll Forward]
Outstanding at beginning of period, Options	645,448	663,172
Granted, Options
Exercised, Options
Cancelled through cash settlement, Options
Forfeited/cancelled/expired, Options
Outstanding at end of period, Options	645,448	663,172
Options exercisable at end of period, Options	645,448	438,172
Options exercisable which can be settled in cash, Options	35,448	53,172
Outstanding at beginning of period, Weighted-Average Exercise Price	$8.94	$8.82
Granted, Weighted Average Exercise Price
Exercised, Weighted Average Exercise Price
Cancelled through cash settlement, Weighted-Average Exercise Price
Forfeited/cancelled/expired, Weighted-Average Exercise Price
Outstanding at end of period, Weighted Average Exercise Price	$8.94	$8.82
Options exercisable at end of period, Weighted-Average Exercise Price	$8.94	$9.23
Options exercisable which can be settled in cash, Weighted-Average Exercise Price	$4.67	$4.60

Stock_Plans_and_Other_Incentiv4

Stock Plans and Other Incentives - Changes in RSUs (Detail) (RSU [Member], USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
RSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at beginning of period	469,848	590,662
Granted	100,328	165,461
Common stock delivered	-205,075	-217,885
Forfeited	-2,263
Outstanding at end of period	362,838	538,238
Intrinsic value	$5,860,000	$6,157,000

Stock_Plans_and_Other_Incentiv5

Stock Plans and Other Incentives - Changes in RSUs (Parenthetical) (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2012	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
				RSU [Member]	RSU [Member]	RSU [Member]
				Employee	Employee	Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common stock used to settle minimum employee withholding tax obligations				1,202	80,139	84,367
Number of employees withholding tax obligations				1	16	16
Employee withholding tax obligations approx amount				$13,000	$1,280,000	$851,000
Common stock delivered, net				2,132	124,936	133,518
Closing stock price	$16.15	$13.03	$11.44

Earnings_Per_Common_Share_Deta

Earnings Per Common Share - Details of computation of earnings per common share, basic and diluted (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Numerator for basic per share calculation:
Income from continuing operations for basic calculation	$704,898	$859,837	$1,628,960	$1,494,248
(Loss) income from discontinued operations, net of income tax expense	-55,947	-194,313	-245,869	-12,844,365
Net income (loss) for basic calculation	648,951	665,524	1,383,091	-11,350,117
Numerator for diluted per share calculation:
Income from continuing operations	704,898	859,837	1,628,960	1,494,248
Adjustments to income from continuing operations for the statement of operations impact of dilutive securities	-82,948
Income from continuing operations for dilution calculation	621,950	859,837	1,628,960	1,494,248
(Loss) income from discontinued operations, net of income tax expense	-55,947	-194,313	-245,869	-12,844,365
Net income (loss) for dilution calculation	$566,003	$665,524	$1,383,091	($11,350,117)
Denominator:
Weighted average common shares - basic	10,907,579	10,702,509	10,876,279	10,670,966
Effect of dilutive securities:
RSUs	238,391	326,586	241,632	296,545
Stock options	299,356	64,793	264,863	25,925
Weighted average common shares - diluted	11,445,326	11,093,888	11,382,774	10,993,436
Per common share amounts - basic:
Income from continuing operations	$0.06	$0.08	$0.15	$0.14
(Loss) income from discontinued operations		($0.02)	($0.02)	($1.20)
Net income (loss)	$0.06	$0.06	$0.13	($1.06)
Per common share amounts - diluted:
Income from continuing operations	$0.05	$0.08	$0.14	$0.14
(Loss) income from discontinued operations		($0.02)	($0.02)	($1.17)
Net income (loss)	$0.05	$0.06	$0.12	($1.03)

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (USD $)

3 Months Ended

9 Months Ended

1 Months Ended

3 Months Ended

6 Months Ended

9 Months Ended

12 Months Ended

1 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Mar. 31, 2012

Oct. 31, 2011

Sep. 30, 2013

Jun. 30, 2012

Mar. 31, 2012

Jun. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Dec. 31, 2011

Sep. 30, 2009

Aug. 03, 2012

Oct. 15, 2012

Sep. 30, 2013

Sep. 30, 2013

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Gold Peak [Member]

Segment

First Installment [Member]

Second Installment [Member]

Minimum [Member]

Maximum [Member]

Loss Contingencies [Line Items]

Former Gold Peak condominium project unit

259

Construction defect suit filed against the company

$19,000,000

Amount of liability through verdict by jury

18,200,000

Other costs associated with judgment

756,000

Additional charge recorded by company in discontinued operations as a result of the verdict

-80,000

12,260,000

-1,956,000

14,216,000

11,547,000

4,460,000

Estimated litigation liability

7,740,000

Amount not probable to be received from Insurance company

3,000,000

3,000,000

Settlement with the plaintiff

-17,000,000

Installment amount due

5,000,000

12,000,000

Recovery of litigation charge

80,000

712,500

Amount of cover available for claim through insurance policy

9,000,000

12,000,000

Amount of cover available for claim through insurance policy as per ACE

3,000,000

Lawsuit could have been settled

$12,000,000

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments - Additional Information (Detail) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Fair Value Disclosures [Abstract]
Revolving line of credit facility outstanding	$0	$0
Outstanding debt at end	$0	$0