With the record books now closed for 2013, Power Brokers are pleased to weigh in on the real estate market’s second solid year of recovery. In 2013, brokers across the country paid witness to many key indicators of the housing market’s gradual return to normal, heading toward a balance that we haven’t seen since before the boom years.
This welcome balance is reflected in the statistics revealed by RISMedia’s 26th Annual Power Broker Report, the real estate industry’s preeminent report ranking the nation’s top real estate firms. According to the report, sponsored by Homes.com, HSA Home Warranty, Leading Real Estate Companies of the World and Pillar To Post, this year’s more than 1,000 responding brokers reported a collective $896,865,166,104 in sales volume for 2013 and a total of 3,165,310 closed transactions—that’s an increase of more than $125 billion in sales volume and more than 175,000 transactions over 2012.
To view this year’s Top 500 brokerages and analysis, click here.
Now in its 26th year, the Power Broker Survey has long honored the incredible business feats of remarkable real estate leaders—and brokerage firms—who continue to shape our industry.
“The firms represented are the nation’s most elite brokerage firms serving literally millions of consumers with their real estate needs,” said John Featherston, RISMedia President and CEO. “2013 was a turnaround year for real estate firms across the country, as consumer confidence in housing returned and buyers flooded back into the marketplace. But there are many challenges ahead for brokers and agents, from low inventory to lingering economic uncertainty. Discerning real estate consumers will look to proven real estate professionals to help guide them toward the best decision. Being included in the Power Broker Report validates your firm’s reputation as a trusted resource for today’s home buyers and sellers.”
RISMedia’s Annual Power Broker Report ranks firms by closed transactions and sales volume for 2013. The Top 500 rankings appear in the April 2014 issue of Real Estate magazine and online at rismedia.com. The complete ranking of all firms that meet the criteria will be available in the 2014 Power Broker Report publication, available both digitally and in print this June.
RISMedia’s 26th Annual Power Broker Report & Survey is based on results garnered from a survey distributed via email and available online at rismedia.com. The survey ranks residential real estate brokerage firms according to closed transaction numbers and closed sales volume for the year 2013. All sales and transaction data is submitted directly by brokerage firms and verified by the firm’s financial executives, outside accounting firms and /or corporate franchise headquarters.