RealTrends 500 Report Ranks Nation’s Largest Real Estate Firms
RealTrends has released its 2021 RealTrends 500, an independently verified compilation of the nation’s leading residential real estate companies. Smith & Associates Real Estate, the largest locally-owned independent real estate brokerage firm in Tampa Bay, ranked in all the categories for the RealTrends 500 lists. The firm ranked amongst the largest brokers by volume with a record-breaking sales volume of $1,606,118,170. The organization also ranked as a Top 500 in the country for largest brokerages by transactions, by volume, top leading RE affiliate, top independent brokerage, and a top 50 firm for average selling price. Smith is the top independent brokerage for luxury sales in Tampa Bay, owning a 15% market share in the segment.
“Our average sale in 2020 was $650,250, our sides topped over 2,400, and we had a record year for real estate sales. We are proud of our efforts and our team here in Tampa and while we know we are making a difference locally, it feels really good to also know that we stand in the upper echelon for real estate firms nationally,” says Bob Glaser, President and CEO, Smith & Associates Real Estate.
RealTrends has been ranking brokerages for more than 33 years and is the most trusted brokerage ranking report in the industry. Over 1,750 firms qualified for this year’s RealTrends 500. According to a research report produced by RealTrends, the 500 largest residential real estate brokerage firms in the nation closed over 3.9 million residential sales transactions in 2020. These transactions were valued at over $1.6 trillion and represented over one-third of all new and resale transactions completed by brokers during the year, yet the RealTrends 500 represented less than 0.5 percent of all brokerage firms.
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. It took 2,092 transactions to be included in this year's RealTrends 500, and in 2020 there were 347 firms recording over $1 billion in residential sales, up from 301 firms accomplishing this in 2019.
To view the rankings, go to https://www.realtrends.com/rankings/rt500. RealTrends is offering the RealTrends 500 publication for free!