A pandemic-fueled home-buying bonanza. Rate-hike-squeezed housing inventory. Tectonic changes in how agents are compensated in home sales. There have been plenty of changes in the last five years, and RealTrends Verified has gotten the inside look at how the nation’s top brokerages have been affected each year.
Top brokerages
Compass extended its now three-year reign as the top brokerage in the country by volume with more than $184 billion, while former champ Anywhere Advisors is nipping at its heels with more than $176 billion. About $40 billion behind those leaders were eXp Realty and HomeServices America, still about $100 billion ahead of the next group of brokerages.
While it’s great to be on top, the top 10 still had a tough 2023, as everyone in the housing industry endured the vicissitudes of high mortgage rates, high home prices, and low for-sale inventories.
The combined volume of the top 10 brokerages was down 22.9% from 2021, although that figure includes Side and The Real Brokerage, two companies that did not submit to RealTrends Verified in 2021. Looking at only eight of the top 10 companies that submitted their 2021 and 2023 volumes, the drop is slightly bigger: 23.7%.