An annual ranking of the leading real estate firms in the US has been published.
Analytics and research firm REAL Trends compiled the list from a record 1,752 qualifying firms. Those that made the top 500 closed $3.2 million residential sales transactions during 2017, with a combined $1.1 trillion value.
While the volume of transactions represents a third of all new and existing home sales during last year, the 500 top firms account for just 1.5% of all brokers.
"Housing sales in the nation were up 1.1% in 2017 from 2016. REAL Trends 500 firms were up 3.3% in the same period," said Steve Murray, president of REAL Trends. "For the fourth year in a row, the nation's largest brokerage firms gained market share."
America’s three top brokerages
The independently verified listing has Realogy-owned NRT LLC at number 1 for both sales volume and closed transactions.
The firm closed 346,942 transactions in 2017 across its brokerages, which operate as affiliates of Coldwell Banker, Sotheby's International Realty, The Corcoran Group, Zip Realty and Climb Real Estate.
Second is HomeServices of America Inc. headquartered in Minneapolis, Minnesota, with 328,355 closed transaction sides; the firm also ranks second by sales volume.
Number three is Hanna Holdings, in Pittsburgh, Pennsylvania, with 90,468 transactions, while Douglas Elliman takes third based on sales volume.
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