Year-end 2023 performance metrics reflect organic agent growth through recruitment and franchise development
dallas
,
February 6, 2024
/PRNewswire/ — United
®
Real Estate (United), United Real Estate Group's primary market residential division, experienced strong net agent growth through all four quarters of 2023, leading the national real estate market to 14.7% at the end of 2023. % more than 20,000 people. agent mark.
The news comes on the heels of a December report from the National Association of Realtors. NAR reported that in 2023, the number of real estate agents nationwide will decline by 1.7% annually. However, Axios reported that the number of real estate agents will be 1.537 million in 2023.
April 2023
down from a record high of 1.6 million people.
October 2022
suggesting an actual decline of 7% to 8% by the end of 2023.
This data shows that United Airlines' office network is able to increase market share regardless of the long-short cycle fluctuations in the housing market. United Airlines' growth in agent numbers does not follow the traditional decline seen during downturns in the real estate market.
United Real Estate's total number of affiliated real estate professionals grew 13% during 2023, from 18,102 agents at the end of 2022 to 20,467 agents at the end of 2023. This is different from the previous year, when the company was building a network of market shares. Growth in 2023 is primarily organic, demonstrating the “network effect” of our growth strategy, with the establishment of major hub locations in key markets through direct investments in brokerage firms.
Across all business units of United Real Estate's parent company, United Real Estate Group, overall agent count increased 11% at year-end and jumped at an annualized rate of 27% in the fourth quarter, from 21,753 to 23,198 agents. increased to the name. United Airlines projects net agency growth of 10% to 15% in 2024, with most of that growth still coming from organic growth rather than M&A.
“2023 was by far one of the most challenging markets for real estate, especially considering the population growth over the past 30 years, historically unprecedented mortgage rate increases, inventory shortages, and COVID-19. “Consumer sentiment has all contributed to real estate transactions' off-the-line performance,'' he said.
scott johnson
, Chief Financial Officer, United Real Estate Holdings. “We expect 2024 to be significantly better than 2023 as interest rates decline and life events associated with real estate transactions continue to occur. Our business is built to perform in any market environment. “While we cannot control the markets we enter as a result of the added.
For more information about United Real Estate, brokerage succession planning, brokerage valuation, sales or franchise opportunities, visit GrowWithUnited.com or call 888-960-0606. Agents interested in learning about career opportunities at United Real Estate should visit JoinUnitedRealEstate.com.
About United Real Estate
United Real Estate (United), a division of United Real Estate Group, was founded to provide solutions for real estate brokers and agents in the rapidly changing real estate brokerage industry. United Airlines provides agents and intermediaries with the latest training, marketing and technology tools based on a flat-rate, transaction-based agent commission model. United Airlines delivers more profitable outcomes for agents and brokers by leveraging the company's proprietary cloud-based Bullseye™ Agent & Broker Productivity Platform. United Real Estate operates in 32 states with 150 offices and more than 20,400 agents. The company generated over 65,000 transactions for him,
$24.9 billion
In terms of sales volume in 2023.
About United Real Estate Group
United Real Estate Group (UREG) operates United Real Estate and United Country Real Estate, serving the unique market needs of suburban, metropolitan and rural markets. UREG leverages the cloud-based Bullseye™ Agent & Broker Productivity Platform to provide the latest training, marketing, and technology tools that create a significant competitive advantage. The platform leverages a 10-year investment in virtual agent and brokerage technology services and a 2.6 million listing data warehouse that generates more than 3 million monthly visitors and 30,000 leads annually . United Real Estate Group works together to support more than 590 offices and his more than 23,100 real estate and auction professionals across four continents. United Real Estate Group has generated over 84,000 transactions;
$32.3 billion
Through our in-house advertising agency, UREG provides differentiated marketing support and collateral for lifestyle real estate specialty websites, as well as access to a database of over 800,000 opt-in buyers . For more information about United Real Estate or United Country Real Estate, please visit UnitedRealEstate.com or United Country.com.
For more information:
April Gonzalez
media and investor relations
agonzalez@unitedrealestate.com
816-420-6258
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SOURCE United Real Estate
