T3 Sixty, a national management consulting and analytics firm for the residential real estate brokerage industry, has released the official T3 Top 5 rankings, which list the nation’s five largest enterprise companies, five largest brokerages, five largest franchise brands, and five largest franchisees. Rankings are by sales volume for the full year 2022. The dominant narrative is how these companies navigate the slowing real estate market – NAR reported a 9% year-over-year decline in home sales in 2022 – and softening home prices.
Leading the T3 Top 5 rankings for 2023:
Largest Enterprise Company: Anywhere Real Estate
Largest Brokerage: Compass
Largest Franchise: Keller Williams Realty
Largest Franchisee: RE/MAX Gold, Representing RE/MAX Gold Nation
“The majority of companies listed saw year-over-year declines in production and volume, some almost exactly matching the nationwide market decline,” said Stefan Swanepoel, chairman of the T3 Sixty family of companies. “But the notable exceptions, including eXp and the top franchisee, RE/MAX Gold, Representing Gold Nation, showed massive increases despite this market downturn. We applaud everyone who has made the T3 Top 5 rankings in 2023 and look forward to tracking and analyzing their progress.”
Largest Enterprise – Anywhere Real Estate
In the ranking of the nation’s largest enterprises, also known as holding companies, which combines production of both a firm’s company-owned and franchised offices, Anywhere Real Estate remains the nation’s largest enterprise by sales volume by a wide margin (44% larger than Keller Williams, at No. 2). Anywhere also led the top enterprises in 2022 transaction sides.
Largest Brokerage – Compass
The data on the brokerage-owned operations reveals that Compass has retained the top brokerage spot it gained last year for the first time, with 2022 sales volume of $228 billion.
Four of the top five largest brokerages in the nation reported a decline in production and sales volume in 2022, with eXp Realty as the only one bucking the trend. The company reported $159.1 billion in 2022 sales volume, or 20.2% year-over-year growth, as it counteracted the market with its aggressive expansion efforts. Among the five largest brokerages, eXp had the highest total transaction sides in 2022.
Largest Franchise- Keller Williams Realty
Keller Williams Realty comfortably retains its title as the largest residential real estate franchise brand in the nation with 11.3% market share by sales volume and the highest number of transaction sides of any franchise in 2022.
Largest Franchisee- RE/MAX Gold, Representing RE/MAX Gold Nation
The nation’s largest franchisee is RE/MAX Gold, representing Gold Nation, which reported an impressive 8.5% growth in year-over-year sales volume, despite the slowing market.
“In a more challenging market, some numbers – such as the reduction in overall volume or sides – can be expected,” said T3 Sixty Editor-in-Chief Paul Hagey. “While there were some shifts among the T3 Top 5 rankings, it is remarkable to see how steady these industry leaders continue to be, despite declining home sales and slowing price appreciation. We will be watching closely to see what changes these companies make to their operations in 2023, and how they continue to navigate less predictable circumstances in the year to come.”
Click here for the full Real Estate Almanac report from T3 Sixty
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