For the nation’s Power Brokers, there are clear indicators of an inflection point in real estate, according to RISMedia’s 31st Annual Power Broker Report, released yesterday:
2018 was a monumental year. Collectively, the Top 1,000 Power Brokers earned $1,424,776,652,825 in sales volume and garnered 3,881,412 transactions—this despite dogged inventory issues, a challenge for 49 percent of Power Brokers, and emerging headwinds, including brewing economic uncertainty, now one of the biggest challenges (25 percent); disruptors (13 percent); and increasing interest rates (8 percent). The challenges are fueling a “cautiously optimistic” perception, held by 59 percent of Power Brokers this year, a hike from 52 percent in 2018.
Still, with more than $100 billion in dollar volume over 2017, Power Brokers are flouting the odds. NRT again captured the No. 1 ranking for sales volume, at $176,431,375,000, and for the first time, HomeServices of America landed at No. 1 for transactions, closing 346,629 last year. The brand has completed several high-profile purchases in recent years, including the acquisitions of Ebby Halliday REALTORS® and The Long & Foster Companies.
The Top 30 Power Brokers by 2018 sales volume:
- NRT LLC
- HomeServices of America, Inc.
- Compass
- Douglas Elliman
- Howard Hanna Real Estate Services
- eXp World Holdings, Inc.
- Alain Pinel REALTORS®
- HomeSmart
- William Raveis Real Estate, Mortgage & Insurance
- Keller Williams Realty, GO Management Offices
- @properties
- John L. Scott Real Estate
- RE/MAX Gold | Olson & Associates
- RE/MAX Alliance | Equity Group
- LIV/Sierra/Summit Sotheby’s International Realty
- RE/MAX Results
- Pacific Sotheby’s International Realty
- Coldwell Banker Bain
- Baird & Warner
- Allen Tate Companies
- Crye-Leike REALTORS®
- Keller Williams Realty Pinnacle Partners Group
- Real Estate One, Inc.
- Keller Williams Realty Forward Management
- First Team Real Estate
- Berkshire Hathaway HomeServices Arizona/California/Nevada Properties
- Rodeo Realty Inc.
- The Keyes Company/Illustrated Properties
- Keller Williams Realty – The Rawls Group
- Keller Williams Realty – Cunningham Group
The Top 30 Power Brokers by 2018 transactions:
- HomeServices of America, Inc.
- NRT LLC
- Howard Hanna Real Estate Services
- eXp World Holdings, Inc.
- HomeSmart
- Compass
- Keller Williams Realty, GO Management Offices
- Crye-Leike REALTORS®
- RE/MAX Results
- Coldwell Banker The Real Estate Group
- Real Estate One, Inc.
- Douglas Elliman
- Keller Williams Realty Pinnacle Partners Group
- William Raveis Real Estate, Mortgage & Insurance
- Allen Tate Companies
- CENTURY 21 Affiliated
- West USA Realty
- @properties
- Latter & Blum Companies
- Baird & Warner
- RE/MAX Alliance | Equity Group
- Coldwell Banker Sea Coast Advantage
- Berkshire Hathaway HomeServices The Preferred Realty
- Keller Williams Realty The Haggard Group
- RE/MAX Gold | Olson & Associates
- John L. Scott Real Estate
- Watson Realty Corp.
- Keller Williams Realty – The Rawls Group
- Coldwell Banker Schmidt Family of Companies
- The Keyes Company/Illustrated Properties
The full ranking of the Top 500 Power Brokers by 2018 sales volume:
RISMedia’s 2019 Power Broker Report & Survey is sponsored by American Home Shield, Homes.com, HSA Home Warranty, Leading Real Estate Companies of the World® and Pillar To Post Home Inspectors. The Power Broker Survey ranks brokerages by residential sales volume and transactions in 2018. The complete ranking of the Top 1,000 will be released shortly along with an interactive online Power Broker directory.
Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com.
