Realogy expected its transaction volume to increase between 6 percent and 9 percent in the first quarter of 2016 — and the company hit that target, reporting a 7 percent transaction volume increase for Q1 this morning.
- Overall revenue for Realogy in Q1 was $1.13 billion, up 7 percent year-over-year.
- The company experienced a 3-percent increase in closed sales sides and average sale price, which is at the lower end of their previous projections. Issues with low inventory and a competitive bidding market contributed to those numbers.
- Despite inventory issues, Realogy remains focused and optimistic about Q2 and the years ahead.