Yes, but they do very well with search engine organic traffic.
https://www.spyfu.com/overview/domain?query=homes.com

Not as good as Zillow and Realtor.com, but still good.

Good point Dario, but they're still not as synonymous home search like zillow or Redfin is (where available).

Not a place I'd put my advertising dollars, and I've been asked by them every few months, but it has some benefits.  Buried is a Q&A section like this that I used to be rather active on.

Liz and Bill Spear 

It's refreshing and welcome that you answered the question from personal knowledge.   Other rainers should take note.