The annual list ranks brokerages and residential real estate companies by transactions. To make the cut for this year’s list, a firm had to close at least 1,899 transactions in 2017.
“While we know that many incumbent firms are under pressure from new, low-cost models, the REAL Trends 500 shows that leading brokerage firms of all sizes are still growing and expanding,” Real Trends President Steve Murray said in a statement. “The national organizations such as Keller Williams and eXp have previously not been among the top 10 in REAL Trends 500. This year, they are both represented, as is RE/MAX, alongside a few traditional, independent brokerage firms.”
The 500 biggest brokerages in the country closed a total of 3.2 million residential sales transactions worth $1.1 trillion in 2017, according to the data compiled. That’s approximately one-third of all new and resale transactions coming from less than 0.5 percent of the country’s brokerages, the report said.
The $1.1 trillion in value of the transactions for the firms that made this year’s list represented a bump from $1 trillion in 2016.
The top firm, NRT in Madison, New Jersey, closed 346,942 transactions (up from 337,780 last year). The firm has been ranked number one for 20 years, REAL Trends said. In second place, HomeServices of America Inc. in Minneapolis closed 328,355 deals (also up from last year’s 245,154).
After the top two slots, the numbers get a lot smaller. No. 3 Hanna Holdings in Pittsburgh closed 90,468 transactions (up slightly).
In this list, the firms are ranked by transactions, but the rankings look different by volume. No. 10 Allen Tate Companies in Charlotte, N.C., for example, just barely ranks ahead of No. 11 Douglas Elliman Real Estate in New York with 22,273 transactions to Douglas Elliman’s 22,272. But the New York firm raked in significantly more volume with $26,115,055,090 to the North Carolina firm’s $5,672,150,547.
Interestingly, the much hyped and well moneyed New York brokerage Compass nearly doubled its transaction sides from last year, from 5,802 to 10,543, an 81.7 percent increase. That was enough to put it in the top 50 (at spot number 45, specifically). It also made the top 10 in terms of closed volume.
Here are the top 25 brokerages on REAL Trends’ list this year ranked by sides:
- NRT LLC, Madison, NJ
- HomeServices of America, Inc., Minneapolis, Minn.
- Hanna Holdings, Pittsburgh, Pa.
- Keller Williams Realty GO Management Offices, Arlington, Texas
- HomeSmart, Scottsdale, Ariz.
- Crye-Leike Realtors, Memphis, Tenn.
- eXp World Holdings, Inc., Bellingham, Wash.
- Real Estate One, Southfield, Mich.
- RE/MAX Results, Eden Prairie, Minn.
- Allen Tate Companies, Charlotte, N.C.
- Douglas Elliman Real Estate, New York, N.Y.
- REALHOME Services and Solutions Inc., Atlanta, Ga.
- Keller Williams Realty Pinnacle Partners Group, Lawrenceville, Ga.
- William Raveis Real Estate, Mortgage, and Insurance, Shelton, Conn.
- West USA Realty, Inc., Phoenix, Ariz.
- CENTURY 21 Affiliated, Madison, Wis.
- Ebby Halliday Real Estate, Inc., Dallas, Texas
- @properties, Chicago, Ill.
- RE/MAX Alliance/Equity Group, Arvada, Colo.
- Coldwell Banker Honig Bell/The Real Estate Group, Shorewood, Ill.
- Baird & Warner, Chicago, Ill.
- John L Scott, Bellevue, Wash.
- Watson Realty Corp., Jacksonville, Fla.
- Latter & Blum ERA Powered, New Orleans, La.
- Coldwell Banker Sea Coast Advantage, Wilmington, N.C.