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Real estate companies are banding together and creating giants in the business that are commanding even more of the market share. The U.S.’s 1,000 largest brokerages accounted for 59.2% of the sales volume in 2022, up from 48.2% in 2019, according to a new report from T3 Sixty, a real estate management consulting and analytics firm.
The nation’s 10 largest brokerages alone commanded 23.6% of sales volume in 2021, up from 18.8% in 2020, shows T3 Sixty’s 2022 Mega 1000 report. The Mega 1000 report ranks the nation’s 1,000 largest brokerages by sales volume, transaction sides, and agent count.
Compass topped the list and achieved the largest growth over the past year. Compass moved up from number three on the list in 2021 to the number one spot for 2022. eXp Realty also posted significant growth in its sales volume, jumping by 116.2% from 2020 to 2021. It landed at number four on this year’s rankings.
