REPORT RANKS NATION’S LARGEST REAL ESTATE FIRMS:
Rodeo Realty tops the Chart this year with our highest ranking ever
The 500 Largest Brokers in the U.S
Ranked by Closed Sales Volume for 2012– Rodeo Realty #29
Ranked by Closed Transaction Sides for 2012- Rodeo Realty #63
(REAL Trends, Inc.-Denver) According to a recent research report produced by REAL Trends, the 500 largest residential real estate brokerage firms in the nation controlled just over 2 million residential sales transactions in 2012. The transactions represent close to 29.8 percent of all new and resale transactions completed by brokers during the year, yet the REAL Trends 500 represented less than three-fifths of one percent of all brokerage firms. The 500 mega-brokers closed 2,290,269 home transactions with a value of over $624 billion during 2012.
Included in the REAL Trends 500 is Rodeo Realty headquartered in Beverly Hills. Rodeo Realty ranked number # 29 in the REAL Trends 500, closing in with the highest record of closed sales volume for 2012.
The report also ranked Rodeo Realty #63 in the country with most closed residential transaction sides for 2012.
The 2013 REAL Trends 500 is a compilation of a nationwide study of leading residential real estate companies conducted by REAL Trends, the trusted source for useful and timely information. This year’s survey represents the most comprehensive collection of data assembled on the leaders of the residential brokerage industry. Numbers are documented by outside accounting firms.
“The recovery in housing sales was reflected in the results from the REAL Trends 500,” says REAL Trends editor Steve Murray. “There were a record number of firms that closed more than $1 billion in sales and over 1,000 units. Unit sales were up 15.3 percent overall and total sales volume was up 20.7 percent. There were over 1,300 firms that qualified for either the REAL Trends 500 or the Up and Comer list. Many of the firms that had increased unit sales accomplished this through organic growth while merger activity remained slower than in years past. We expect acquisition activity to pick up, however, in the years to come as the market consolidates.”
NRT, Inc. led the REAL Trends 500 as the largest residential brokerage company in the country. The firm, which owns 712 residential real estate offices across the United Sates, closed 289,614 transactions in 2012. Owned entirely by Realogy, NRT acquires residential real estate brokerage firms and operates them as affiliates of Coldwell Banker Real Estate Corporation and ERA Franchise Systems, Inc.
Number two on the list of the nation’s largest firms is HomeServices of America Inc. headquartered in Minneapolis, MN, with 151,017 closed transaction sides. Number three on the list is The Long & Foster Companies, Inc., headquartered in Chantilly, VA, with 65,912 transactions and number four was Pittsburgh-based Hanna Holdings, Inc., with 37,986 transactions.
REAL Trends, Inc. is a research, publishing and communication company located in Denver serving the information needs of the residential real estate industry.