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Dickerson & Nieman Realtors Ranked in This Year's REAL Trends 500!
FOR IMMEDIATE RELEASEÂ Â Â Â Â Â Â Â Â
Contact:
Scott Wright
303-741-1000Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
REAL TRENDS 500 REPORT RANKS NATION'S LARGEST REAL ESTATE FIRMS
Castle Rock, Colorado — REAL Trends released its 2020 REAL Trends 500, an independently verified compilation of the nation's leading residential real estate companies. REAL Trends, the trusted source for news and research about the real estate brokerage industry, has been ranking brokerages for more than 32 years and is the most-trusted brokerage ranking report in the industry.
Over 1,700 firms qualified for this year's REAL Trends 500. According to a research report produced by REAL Trends, the 500 largest residential real estate brokerage firms in the nation closed over 3.4 million residential sales transactions in 2019. These transactions were valued at over $1.3 trillion and represented over one-third of all new and resale transactions completed by brokers during the year, yet the REAL Trends 500 represented less than 0.5 percent of all brokerage firms.
Included in the REAL Trends 500 is Dickerson & Nieman Realtors headquartered in Rockford, Illinois. Dickerson & Nieman Realtors ranked number 495 in the REAL Trends 500 with 1,994 residential transaction sides closed last year. Dickerson & Nieman ranked number 129 in the REAL Trends Top Independent Brokerages.
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 and/or MLS reports.Â
"For several years running the REAL Trends 500 has gained market share," says Steve Murray, president of REAL Trends. "In 2019, the REAL Trends 500 did it again—up 5.3 percent against a national existing home sales factor which was flat. What is most interesting is the growth of relative newcomers to the 500 such as eXp, Compass, Redfin and HomeSmart which have shown remarkable growth in the past few years."
According to Scott Wright, vice president of REAL Trends and editor of the report, "Six of the top ten growth firms were affiliated with Keller Williams, but there were representatives from nearly every major brand and several independents in the top movers. Leading firms are finding a way to grow despite challenges from low inventory, affordability issues and intensifying competition."
It took 1,992 transactions to be included in this year's REAL Trends 500, and in 2019 there were 301 firms recording over $1 billion in residential sales, up from 297 firms accomplishing this in 2018.Â
HomeServices of America, headquartered in Minneapolis, led the REAL Trends 500 as the largest residential brokerage company in the country, closing 329,680 transactions in 2019. No. 2 on the list of the nation's largest firms is Realogy Brokerage Group (formerly NRT LLC), headquartered in Madison, N.J., with 325,652 closed transaction sides. No. 3 on the list is Bellingham, Wash.-based eXp Realty with 130,627 transactions, with Hanna Holdings/Allen Tate and Compass rounding out the top 5 closing 100,589 and 84,732 transactions respectively.
To view the rankings, go to https://www.realtrends.com/rankings/rt500. This year, REAL Trends is offering the REAL Trends 500 publication 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 Rock, 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.