AUSTIN, TEXAS November 3, 2022 — Keller Williams (KW), the world’s largest actual property franchise by agent rely, reviews YTD ’22 outcomes, having achieved important worldwide development and topped company tradition rankings.
“As we face rising macroeconomic headwinds, we’re getting ready for what we count on to be a slower development interval,” mentioned Sajag Patel, chief working officer, KW. “But, our price proposition in coaching and training is particularly geared to allow our brokers to take extra market share throughout financial shifts.”
“To embrace the market of the second in Q3 ’22, we purposely launched 4 new enterprise communities as brokers are wanting a larger sense of connection, empowerment, and impression,” mentioned Patel. “Developed in partnership with brokers, communities are another manner we’re enabling entrepreneurs to thrive on this fast-shifting market.”
United States and Canada (manufacturing in YTD ’22)
Brokers closed $381.4 billion in gross sales quantity, down 3.0% from YTD similar interval of final 12 months.Brokers closed 884.5 thousand transactions YTD ’22, down 12.6% over the identical interval of ’21.Brokers took 536.7 thousand new listings (new stock), down 7.7% over the identical interval ’21.Brokers wrote 962.4 thousand contracts (projected closings), down 13.9% over similar interval ’21.Contracts written quantity was $414.7 billion, down 4.7% over the identical interval of ‘21.
“Whereas we’re lower than happy to report our gross sales quantity is down by a low single digit proportion 12 months thus far, there’s immense alternative on this marketplace for our brokers,” mentioned Marc King, president, KW. “And, we’re leaning into our highly effective tradition, coaching and expertise to allow our brokers to map a development trajectory for his or her companies primarily based on the brand new math required by this market.”
“Now we have moved from a speed-based market to a skill-based market,” mentioned King. “Lead conversion charges from months again are now not relevant to search out these motivated to transact on this market.”
Keller Williams is residence to 177,377 brokers in america and Canada and 17,076 brokers working outdoors of america and Canada, for a complete of 194,453 brokers worldwide, as of Sept. 30, 2022. In Q3 ’22 alone, KW added 1,711 web brokers throughout the U.S. and worldwide areas.
Keller Williams Worldwide (KWW) Momentum (manufacturing outdoors U.S. and Canada in YTD ’22)
As of Sept. 30, agent rely outdoors the U.S. and Canada was 17,076, up 21.2% from similar interval ’21.Brokers closed 56.0 thousand transactions YTD in 2022, up 25.3% over the identical interval of 2021.Brokers closed $11.1 billion in gross sales quantity, up 29.8% from the identical interval ’21.Brokers took 85.0 thousand new listings (new market stock), up 2.1% over similar interval ’21.Brokers wrote 65.5 thousand contracts (projected closings), up 23.1% over the identical interval ’21.Contracts written quantity was $9.5 billion, up 21.3% over the identical interval ’21.
“Our proprietary techniques and fashions, coaching and expertise are a robust mixture that has attracted greater than 17,000 worldwide brokers to the Keller Williams model,” mentioned William E. Soteroff, president, KWW, the worldwide division of Keller Williams.
“The continued speedy tempo of our multinational development fulfills a dream that began with Gary Keller practically 40 years in the past — for entrepreneurs throughout the globe to thrive at KW,” mentioned Soteroff.
Outdoors of the U.S. and Canada, KWW’s areas embody: Albania; Argentina; Aruba; Belgium; Belize; Bermuda; Bolivia; Bonaire; Cambodia; Chile; Colombia; Costa Rica; Cyprus; Czech Republic; Dominican Republic; Dubai, UAE; France; Greece; Guyana; Honduras; Indonesia; Eire; Israel; Italy; Jamaica; Japan; Luxembourg; Malaysia; Mexico; Monaco; Mongolia; Nicaragua; Northern Cyprus; Panama; Paraguay; Peru; Philippines; Poland; Portugal; Puerto Rico; Romania; São Paulo, Brazil; Saudi Arabia; Serbia; Sint Maarten; Slovenia; Southern Africa; Spain; Suriname; Switzerland; Thailand; Turkey; Turks and Caicos; United Kingdom; Uruguay; and Vietnam.
Company and Trade Highlights
In July, Forbes ranked KW No. 48 on its annual America’s Finest Employers for Girls listing.In July, KW introduced an growth into Bolivia.In August, Forbes featured KW on its annual listing of Finest Employers by State 2022.In July, KW introduced three enterprise communities — KW Wealth, KW Relocation, and KW Type to Design — in assist of acknowledged and rising actual property market segments.In August, KW opened Mega Camp to brokers throughout the true property trade. In August, KW launched a brand new international tagline as a part of the corporate’s ongoing transformation and tradition of supporting entrepreneurial visionaries.In September, KW launched the expanded second version of Your First House: The Confirmed Path to Homeownership, a e book that serves as a client information to residence shopping for. In September, KW unveiled the Actual Property Planner neighborhood round wealth administration companies. In September, KW president Marc King spoke on the LGBTQ+ Actual Property Alliance.
About Keller Williams
Austin, Texas-based Keller Williams, the world’s largest actual property franchise by agent rely, has greater than 1,100 workplaces and 200,000 associates. The franchise can also be No. 1 in models and gross sales quantity in america.
Since 1983, the corporate has cultivated an agent-centric, technology-driven and education-based tradition that rewards brokers as stakeholders. For extra data, go to headquarters.kw.com.
