2022 has been a roller coaster year, with the pandemic and the post-pandemic housing market holding up well into the first half of the year. Then in Q3, the record-breaking housing market came to a sudden halt. Despite market headwinds, top brokerages continued to show growth. 2023 RealTrends 500 Brokerage Rankings.
While the top four companies keep the top spot, eXp Realty moved Home Service of AmericaFor the past four years, it has maintained its No. 1 position in terms of transactions.
last year, compass needle rose to number one in terms of revenue, topping the list and remaining at number one this year. In second place was Anywhere Advisors.
eXp Realty jumped from number four with 355,627 transactions in 2022 to number one with 397,138 transactions this year, fueling the brand’s incredible growth line.
Top 4 players maintain 20% market share
Top 4 – Everywhere AdvisorHomeServices of America, Compass, eXp Realty – maintains around 20% market share in the US
RealTrends Senior Advisor Steve Murray said: “In the 2021 ranking (based on 2020 data), these same companies closed just over $14 billion, so these four companies alone had a 43% increase in one year, and the same from 2022 to 2023. I stayed.”
“This year’s list shows the impact of market changes on the country’s top brokerage firms. real trend 500 It outperforms the market and its peers in almost every category.” hardware media.
After record-breaking 2020 and 2021, the 2023 RealTrends 500 Brokerage Rankings show once again that the largest firms are gaining share at a rate not seen before 2020. Rankings founder and RealTrends Senior Advisor Steve Murray said:
Stable numbers for 2022-2023
All companies included in the 2023 RealTrends 500 (RT500) account for approximately 40.6% of all brokerage-managed sales nationwide, the same as the 2022 ranking, and 35.9% of all realtors. I’m here. Agents in RT500 firms had an average of 6.6 transactions per agent, compared to 7.9 transactions per agent last year. The median number of agents per RT500 company this year is 1,180, up from 1,138 in the 2022 ranking. That number will be 1,025 in 2021.
Low-fee or low-cost brokerage firms are stable
Of the top 25 brokerage firms on the RealTrends 500, 7 are considered low commission or low cost firms. Low-cost or low-fee companies charge a flat rate to agents or have a higher split to agents than traditional companies.
united real estate It tops the list at #7. Other members of the top 25 include: home smart (9), Fathom Realty (Ten), real mediator (11), Real Estate ONE Group (15), West USA Realty (19), and samsung property (twenty three). Several of these companies, including United Real Estate, West USA Realty and Samson Properties, won deals and ranked higher this year than last year.
48 new Billionaire’s Club players
Billionaire’s Club is made up of the top US real estate brokers who sold at least $1 billion worth of real estate in 2022. 2023 RealTrends 500 Brokerage RankingsThe number of Billionaire’s Clubs is down from last year at 392 companies compared to 435 in 2022, but still higher than the 347 members in 2021, but more companies are listed in this year’s rankings for the first time. It’s on.
This year, The Billionaire’s Club has 48 new companies. They may have made it in previous years, but it’s important to note that they weren’t on the list last year.
slow growing
“In a down year, the RealTrends 500’s leading brokerages once again gained market share in terms of total trading value and sales volume,” said Murray. “Interestingly, the four largest brokerages only collectively held their own. .”
Larger companies with well-known national or local brands and access to technology and marketing tools not commonly available to other companies have also gained ground, Murray said. “Most importantly, he said, growth was not driven solely by one brand, model or market area. “I can conclude that,” he said.
RealTrends is the undisputed leader in ranking real estate brokers, agencies and teams. Third-party verification is mandatory to confirm the validity of the transactional aspects and sales volume submitted by the company.
Thanks to RealTrends and RTC Consulting’s massive valuations and M&A deals, “we have access to the financial statements of hundreds of brokerage firms each year,” says Murray. “These financial statements give us an advantage in determining the accuracy of the figures submitted and this serves as an additional layer of verification in the processes we use.”
For 2023 RealTrends 500 brokerage rankings and an in-depth analysis of the insights from the report, please visit: Realtrends.com.
