RISMedia recently released their “28th Annual Power Broker Report,” which outlines current and future market trends in addition to their top 500 list of power brokers. I am proud to report that Realogics Sotheby’s International Realty ranked #285 on the list, with $770,863,297 in sales volume in 1,038 transactions with 5 offices and 142 agents (as of the report date). “I am thrilled to see our boutique firm ranked among the top brokerages in the nation,” said Stacy Jones, Owner & Vice President of Realogics Sotheby’s International Realty. “Since the April 2016 report, we have continued to add agents and achieve higher sales volume and look forward to sustaining our growth in the future.”
As the report describes, “the results of RISMedia’s Power Broker Survey reflect the overall pattern of the housing market last year. While 45 percent described their markets as ‘growing,’ stable was a close second. Power Brokers reported a collective $1,122,919,847,964 in sales volume and 3,406,863 transactions. This represents a more than $150 billion increase in sales volume over 2014 – a clear indicator of low inventory driving prices higher.” Influences that were noted throughout the report include low inventory and millennials, where a staggering 60% of the housing market is attributed to either move-up buyers or first-time homebuyers/millennials.