Realogy and Keller Williams topped T3 Sixty’s list of the top real estate companies and franchise brands by sales volume, transaction pages, and number of agents.
Real estate consulting and analytics firm T3 Sixty released its Enterprise 20 2021 report on Tuesday, which lists the 20 largest companies and franchise brands in the industry by sales volume, transaction pages and number of agents.
The company list takes into account the broker and franchise wings of a company, while the franchise brand list only considers the franchise performance of the franchisors.
Realogy and Keller Williams ranked first on their respective lists, with Realogy leading the way for companies with $ 571.89 billion in sales in 2020. Meanwhile, Keller Williams stayed the same timeframe with sales of $ 387.55 billion before the franchise branded package.
Realogy was also number 1 on the top corporate lists by transaction pages (1,424,081) and agent count (190,700), with Coldwell Banker, Sotheby’s International Realty, Corcoran Group, Century 21, Better Homes and Gardens Real Estate, and ERA among its list Umbrella.
Keller Williams also ranked first on the top franchise brand lists by transaction pages (1,154,613) and agent count (160,717).
Keller Williams (as a company), RE / MAX, HomeServices of America and Compass rounded off the top 5 top companies by sales volume. However, EXP World Holdings dethroned Compass on subsequent company lists with 39,058 agents handling 238,981 transactions in 2020.
RE / MAX (as a franchise brand), Coldwell Banker Real Estate, Berkshire Hathaway HomeServices and Sotheby’s International Realty rounded off the five top-selling franchise brands. Century 21 ousted Sotheby’s International Realty from the top 5 transaction sites (359,430) and agent count (50,423).
Overall, these companies accelerated their market share growth from 1.3 percent year-over-year to 4 percent, which corresponds to a sales volume of 2.1 trillion US dollars and represents 54.9 percent of the sales volume of existing properties in 2020, if they are based on the data of the National Association of Realtors.
“Real estate is the largest industry in the United States by GDP, and its dominant players are just getting bigger,” said Stefan Swanepoel, chairman and CEO of T3 Sixty, of the findings, which are part of the company’s comprehensive real estate almanac.
The report found that this year’s results reflected the resilience of the real estate industry during the coronavirus pandemic as mortgage rates, booming demand and technological advances kept transactions on track despite the limitation on face-to-face interactions.
“These top 5 [franchise] The brands recorded a strong year-on-year increase in sales from 8.8 to 32.1 percent. This is another example of how real estate thrived in a year that saw many other industries throttled, ”the report said.
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