REAL Trends Ranks The Maine Real Estate Network In The Top 500.
FOR IMMEDIATE RELEASE
(REAL Trends, Inc.-Denver) According to a recent research report produced by REAL Trends, the 500 largest residential real estate brokerage firms in the nation controlled just over 2 million residential sales transactions in 2013. The transactions represent close to 32.6 percent of all new and resale transactions completed by brokers during the year, yet the REAL Trends 500 represented less than three-fifths of one percent of all brokerage firms. The 500 ranked brokers closed 2,577,483 home transactions with a value of over $767 billion during 2013 up from $624 billion in calendar year 2012.
Included in the REAL Trends 500 is The Maine Real Estate Network headquartered in South Portland Maine and ranked number 335 in the REAL Trends 500 with $406 million in residential closed Sales Volume last year.
The 2014 REAL Trends 500 is a compilation of a nationwide study of leading residential real estate companies conducted by REAL Trends, the trusted source for useful and timely information. 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.
"The recovery in housing sales was reflected in the results from the REAL Trends 500," says REAL Trends editor Steve Murray. "There were a record number of firms that closed more than $1 billion in sales and over 1,000 units. Unit sales were up 13.0 percent overall and total sales volume was up 23.0 percent. There were over 1,450 firms that qualified for either the REAL Trends 500 or the Up and Comer list. Many of the firms that had increased unit sales accomplished this through organic growth while merger activity remained slower than in years past. We expect acquisition activity to pick up, however, in the years to come as the market consolidates."
REAL Trends, Inc. is a research, publishing and communication company located in Denver serving the information needs of the residential real estate industry. For more information and the full reports visit www.realtrends.com.
The Maine Real Estate Network has 19 offices throughout the state and over 400 Realtors® providing 5 star service to Maine home buyers, sellers, and investors.