Source: Yahoo! Entertainment —
T3 Top 5 rankings for 2023 also reveal eXp Realty is the sole brokerage with year-over-year sales volume growth
LADERA RANCH, Calif., March 13, 2023 /PRNewswire-PRWeb/ — T3 Sixty, the leading 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, and five largest franchise brands and five largest franchisees. Rankings are by sales volume for the full year 2022. The dominant narrative is how these titans are navigating 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.
Among the five largest enterprises, all declined in sales volume from 2022, but none had a change in ranking from the previous year.
The composition of the top five enterprises varies irrespective of their structures and includes all sales volume numbers under the same ownership: