(Garden City, NY - July 15, 2011) Despite the worst housing market in recent history, two respected national surveys show RE/MAX agents continue to outperform their competitors, selling more homes, assisting more families, and leading all other national real estate companies in sales performance.
In the REAL Trends 500 survey, RE/MAX brokerages claimed an impressive 21 of the top 25 positions among the brokerages ranked by Transaction Sides per Agent. The average RE/MAX agent achieved 14.5 Transaction Sides compared with the 6.8 average of all others in the survey. In Sales Volume, RE/MAX agents averaged over $3 million, which was 62% higher than the average agent in the survey.
In the 2011 RISMedia Power Broker Report, RE/MAX brokerages held 390 of the top 1,000 positions, with RE/MAX agents averaging an impressive 14.7 transaction sides, outselling many competitors by more than two-to-one. In Sales Volume, RE/MAX agents averaged $2.9 million, 62% more than the average of all other agents in the report.
"It wouldn't be possible for RE/MAX to achieve such overwhelming success without the support of millions of homebuyers and sellers," said RE/MAX CEO Margaret Kelly. "There's no question that consumers recognize quality service and they know who they can depend on to get the job done."
In March, the company released the annual RE/MAX vs. the Industry report which demonstrated for the 13th year in a row that nobody sells more real estate than RE/MAX. In the United States, the total number of RE/MAX Transaction Sides was 24% higher than its closest competitor. And RE/MAX Agents nationwide averaged 13.1 Transaction Sides each, with the closest competitor at only 7.1.
The high level of performance consistently exhibited by RE/MAX agents is due to the quality training provided by RE/MAX University (RU). The recipient of over 150 international film/video awards, RU delivers quality education on-demand via the Internet, on television, in classrooms and to personal devices worldwide. As a result, RE/MAX agents lead the industry in professional designations.
Recently, RE/MAX also reported increased franchise sales in the first quarter of this year, following a 30% increase in sales in 2010 over 2009. Additionally, RE/MAX continues to grow internationally, adding eight countries in 2010, holding onto an international presence greater than any of its competitors.
"RE/MAX's growth in New York reflects the national surveys. New York is a diverse real estate market and we see the positive indicators in all of the state's major markets as our agents continue to be active. To truly understand New York's real estate landscape it needs to be examined market by market. With low interest rates and growing investor interest, housing demand, especially for lower and mid-value homes remains high, which has fueled RE/MAX's growth in New York," said Henry Weber, President and Regional Director of RE/MAX of New York, Inc.
The complete Power Broker Report can be found online at www.rismedia.com. The REAL Trends 500 survey can be found online at www.realtrends.com.
About RE/MAX of New York, Inc.
RE/MAX of New York, Inc. is a leader in the sale of residential and commercial real estate in New York State. RE/MAX of New York, Inc. has a sales force of more than 1,600 agents and 120 offices throughout New York. RE/MAX agents in New York generated over $15 billion in sales and completed more than 179,000 transactions since 2003. For more information, visit www.remax-ny.com.
Above is partially an excerpt from the monthly RE/MAX National Housing Report.
For more information or to see the full two-page report, visit www.rismedia.com.