Keller Williams saw immense growth both stateside and internationally in the first quarter compared to last year, according to a Q1 2018 earnings report released Thursday.
Keller Williams agents closed 213,071 transactions for a total of $62.7 billion in sales in the first quarter of 2018, according to the company’s latest earnings report. Those totals mark a 4.8 percent increase in transactions and 10.7 percent increase in total sales over last year’s first quarter.
“Once again, we’re excited to report our agents are outperforming the industry, breaking production records originally set in the first quarter of 2017,” said John Davis, CEO and president of Keller Williams. “Across the globe, our agents continue to grow market share, helping them fund bigger lives and create new opportunities.”
The company also announced it reached the 181,000 associates mark, a net gain of 3,914 agents across the globe.
In the first quarter, the company launched Kelle, “a proprietary artificial intelligence real estate business partner,” available in both the United States and Canada. As of March 31, more than 45,000 agents have downloaded the app and asked more than 315,000 questions.
The company also launched an agent-to-agent referral network and transaction tool. In the first quarter 4,674 live Referrals were sent, representing $1.2 billion in sales volume. Within Referrals, more than 1 million invites were sent between agents.
Keller Williams Labs — which is the company’s innovation hub — conducted slightly fewer than 100 labs in the first quarter. The labs research technology that is powered by agent and consumer insights.
“At Keller Williams, we’re focused on building technology for our people,” added Davis. “Our people are letting us know exactly what they want, and we are building for them.”
Internationally, Keller Williams also saw tremendous growth. The company posted $1.9 billion in sales volume in Canada, up 10.5 percent from last year’s first quarter. Outside the United States and Canada, it posted 1.3 billion in sales volume a massive increase of 163.6 percent from 2017’s first quarter.
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