Growth among nation's 20 largest real estate companies traced back to acquisition activity and franchise expansion
LADERA RANCH, Calif., March 30, 2023 /PRNewswire-PRWeb/ -- T3 Sixty announces rankings of the nation's 20 largest residential real estate enterprise companies, franchise brands and franchisees in its 2023 Corporations release of the Real Estate Almanac. New data from the industry's leading management consulting and analytics firm reveals few changes in overall rankings from 2022, and a significant downturn in year-over-year sales volume for nearly all companies on the list.
"The financials and data reported by the nations' largest real estate companies reflects the market's big downshift in 2022, which was driven by increased interest rates and sustained low inventory," said Paul Hagey, senior vice president of T3 Data, T3 Sixty's research and analysis division. "The few companies that were able to grow their sales volume in 2022 did so through ambitious acquisition of large, existing firms or strategic franchise expansion efforts."
The 2023 Corporations release, which is the fourth section of the Real Estate Almanac, ranks the US's 20 largest real estate enterprise companies (accounting for all company-owned brokerages and franchises operations under one entity), franchise brands and franchisees by sales volume, transaction sides and overall agent count, as well as public companies by their key details and financials.
Enterprise 20 – Real Estate's Largest Companies
Among the nation's 20 largest enterprise companies by sales volume, there were few changes from the 2022 rankings. Most notably, Redfin fell five spots, from No. 7 to No. 12, and EXIT Realty (17) and Realty Executives (18) each moved down three positions.
Peerage Realty Partners, which acquired controlling stakes in two large Sotheby's affiliates in 2022, grew their sales volume by 79.3% in 2022 and entered the rankings for the first time, at No. 15. Also counteracting the market with positive sales volume growth were United Real Estate (30.7% sales volume growth), At World Properties (21.4%) eXp Realty (20.2%), and Hanna Holdings (2.7%).
For rankings of the 20 largest enterprise companies by sales volume, transaction sides or agent growth, explore realestatealmanac.com.
Franchise 20 – Real Estate's Largest Franchise Brands
There were few changes to the rankings of the 20 largest franchise brands by sales volume for 2023. Coldwell Banker Real Estate moved above RE/MAX for the No. 2 slot, and United Real Estate moved up three spots, from No. 17 to No. 14. A franchise arm of At World Properties, @properties, rose two positions and Weichert Realtors (No. 8), Howard Hanna Real Estate (No. 15) each shifted up one ranking.
Of the 20 largest franchise brands, eighteen showed a decrease in sales volume in 2022, with only United Real Estate (30.7% growth) and @properties (0.6% growth) bucking the downward trend.
Visit realestatealmanac.com for rankings of the nation's 20 largest franchise brands and franchisees by sales volume, transaction sides and agent count.
"It's not easy to maintain or increase sales volume, transaction sides or agent count in this challenging market," said Jack Miller, president and CEO of T3 Sixty. "We applaud all of the companies featured in this year's rankings, and wish them an even more successful year in 2023."
About Corporations and the Real Estate Almanac
The fourth section of the Real Estate Almanac, Corporations ranks the nation's 20 largest enterprises (representing company-owned and franchised production), franchise brands and franchisees by sales volume, transaction sides and agent count.
Every year, T3 Sixty analyzes and publishes a comprehensive report on the industry in the Real Estate Almanac. It is composed of five components, published sequentially online in the first five months of each year: executives (SP 200); organized real estate organizations (ORE); technology providers (Tech 200); holding companies, franchise brands and public companies (Corporations); and the nation's largest brokerage companies (Mega 1000). All research, analysis and rankings are compiled every year by the team at T3 Sixty. More information at realestatealmanac.com.
About T3 Sixty
T3 Sixty is the leading management consultancy in the residential real estate industry with business units in brokerage, technology, mergers and acquisitions, event execution, executive talent, and organized real estate. The group also provides software and data, extensive research and reports, executive search and event management services. For more information, visit t360.com.
Media Contact
Chris Reilly, T3 Sixty, LLC., 949.397.2108, chris@t3sixty.com
SOURCE T3 Sixty, LLC.