Realogy reports $27 million net loss in Q2

Company officials to discuss results Thursday

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

Real estate brokerage and franchise company Realogy Corp. on Wednesday reported a net loss of $27 million in the second quarter, with a 21 percent year-over-year decline in home-sale transaction sides within its franchise unit and a 19 percent decline at company-owned offices.

The average home-sale price fell 5 percent within Realogy’s franchise group and dropped 8 percent among company-owned offices during the second quarter compared to the same quarter last year, the company reported.