REAL TRENDS 500 REPORT RANKS NATION'S LARGEST REAL ESTATE FIRMS3/29/2018
FOR IMMEDIATE RELEASE
REAL TRENDS 500 REPORT RANKS NATION'S LARGEST REAL ESTATE FIRMS
Castle Rock, Colorado — March 29, 2018 — REAL Trends, the trusted source for news and research about the real estate brokerage industry, announced the results of the 2018 REAL Trends 500, an independently verified compilation of the nation’s leading residential real estate companies.
According to a research report produced by REAL Trends, the 500 largest residential real estate brokerage firms in the nation closed over 3.2 million residential sales transactions in 2017. These transactions represent approximately one-third of all new and resale transactions completed by brokers during the year, yet the REAL Trends 500 represented less than one-half of one percent of all brokerage firms. The 500-ranked brokers closed 3.2 million home transactions with a value of over $1.1 trillion during 2017, up from $1.0 trillion in the calendar year 2016.
Included in The 500 is RE/MAX at Barnegat Bay headquartered in Forked River. RE/MAX at Barnegat Bay closed 1,957 transactions and $576,107,585 in sales volume in 2017 ranking it as one of the top firms in New Jersey.
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.
“Housing sales in the nation were up 1.1 percent in 2017 from 2016. REAL Trends 500 firms were up 3.3 percent 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.”
It took 1,899 transactions to be included in this year's REAL Trends 500, up from a minimum of 1,843 transactions a year ago. In 2016, there were 235 firms recording over $1 billion in residential sales while there were 274 firms that accomplished this in 2017.
To view the rankings, go to https://www.realtrends.com/rankings/rt500. This year, REAL Trends is offering the REAL Trends 500 information for free!
About REAL Trends: REAL Trends has been The Trusted Source for news, analysis and information about the residential real estate industry since 1987. We are a privately-held publishing, communications and consulting company based in Castle Pines, Colorado. Residential real estate leaders find timely and trusted information and analysis through our yearly event—Gathering of Eagles—our monthly newsletter and other publications.
About RE/MAX at Barnegat Bay: RE/MAX at Barnegat Bay has been serving the Ocean and Monmouth County area for over 50 years, and recently celebrated their 22nd anniversary as a RE/MAX Franchisee. With over 90 associates working out of four offices, they have proven they really are “Above the Crowd.” For the past 10 years RE/MAX at Barnegat Bay has been the number one firm in units and sales volume in the Jersey Shore MLS, confirming that outstanding agents equal outstanding results.