New York City Residential Brokerages – 2022 Rankings

Introduction

This report analyzes the activity of real estate agents who had their license associated with a New York City-based firm in 2022.

Each real estate licensee and each brokerage firm are considered independent entities as recorded by the Department of State (DOS). For example, “Douglas Elliman Real Estate” and “Douglas Elliman Referral” are considered separate brokerage firms for the purpose of this report.

This report highlights the top performing real estate firms based on Corofy’s key performance indicators which includes a firm’s growth, hiring, turnover and retention. Only residential firms are considered.

Top 10 NYC Growth by Percentage

With an impressive agent growth of 362%, Casa Blanca ranked as the fastest-growing residential firm by percentage in New York City in 2022. This was followed by Serhant, which grew its headcount by 156%.

Coldwell Banker Reliable ranked 3rd, with an impressive 92% growth.

Boutique firms such as Brooklyn Group and Platinum Properties made their way to the top 10 fastest-growing firms by percentage, proving that boutique firms have a strong standing in the New York City brokerage landscape.

Brokerage Name

Percentage Growth

Casa Blanca

+362.50%

Serhant

+156.10%

Coldwell Banker Reliable

+92.19%

Century 21 Future Homes Realty

+70.21%

Highline Residential

+63.55%

Real Broker NY

+44.64%

Brooklyn Group

+42.86%

Platinum Properties

+34.38%

Greystar

+32.69%

Exit Realty Top Properties

+29.73%

Brokerage Name

Percentage Growth

Casa Blanca

+362.50%

Serhant

+156.10%

Coldwell Banker Reliable

+92.19%

Century 21 Future Homes Realty

+70.21%

Highline Residential

+63.55%

Real Broker NY

+44.64%

Brooklyn Group

+42.86%

Platinum Properties

+34.38%

Greystar

+32.69%

Exit Realty Top Properties

+29.73%

93%

Is the average growth percentage of the 10 fastest growing firms by percentage of agent count in 2022.

When asked what has contributed to their firm’s overall growth and agent retention, this is what leaders from these growing brokerages had to say:

"We have a team based culture that uniquely positions us to support our agents in their growth while assisting with their needs. We also have a robust support staff to help with many of the operational tasks that typically take up much of an agent's time, freeing them up to spend more 1 on 1 time with clients."

Hannah Bomze

CEO & Co-Founder - Casa Blanca

"Our success with agent retention is a result of three things: Hiring in line with our core values which results in a uniquely collaborative culture, unparalleled company generated leads in both sales and leasing, and a much higher staff to agent ratio than the industry norm resulting in the best agent support in New York. "

Dezireh Eyn

COO - Platinum Properties

"What gets me up in the morning is not necessarily growing Brooklyn Group first, but building relationships with every agent as an individual whether Brooklyn Group is the right fit for them or not. We do not look at agents as just another number but when they choose Brooklyn Group it is an opportunity to use real estate as a medium to build the life and career they want."

Jordan Stallings

Head of Talent - Brooklyn Group

"New York City will always be a place that people move to and from. With the worldwide reach of the Coldwell Banker brand, and our local reach at Coldwell Banker Reliable Real Estate with offices in NYC, Brooklyn, and the Hamptons, our network consistently provides agents with the opportunity to fill their pipeline, build new relationships and enhance their business."

Joseph Hamdan

Principal Broker - Coldwell Banker Reliable Real Estate

Top 10 NYC Growth by Headcount

Exp Realty ranked as the top firm in New York City in agent growth by headcount in 2022. The brokerage grew its headcount from 1406 to 1784 agents in 2022.

They were followed by Highline Residential and Serhant which added respectively 136 and 128 agents to their brokerage headcount.

Special mention to KWNYC, which for a second year in a row ranked in the Top 10, proving that they are growing into a power player in the industry.

Brokerage Name

Headcount Growth

Exp Realty

+382

Highline Residential

+136

Serhant

+128

Compass

+117

Compass Greater NY

+92

Corcoran Group

+77

Keller Williams NYC

+71

Coldwell Banker Reliable

+59

Casa Blanca

+58

Real Broker NY

+50

1,170

Is the cumulative number of agents from all firms that ranked in the Top 10 in New York City by agent head count in 2022.

We asked two leaders from the firms on this list what has helped their brokerage rank in the Top 10 for Agent Growth by Headcount. This was their responses:

"From our 2020 brokerage re-launch, our Leadership Team began, and has continued our growth with a vision, planning, collaboration, and intention to create and deliver a company culture of learning, teaching, coaching, diversity amongst us all, and extending exceptional service to the agents- these 'business owners' who join us at every level of their career. We are their business partners- here to fully support their business."

Fanny Montalvo

Broker of Record – Keller Williams NYC

"We strongly believe we have the best technology platform in New York City for agents. Agents add the most value when they spend the majority of their time with their clients building relationships. Our platform and infrastructure allow our agents to focus on clients through automation and streamlining of tedious and laborious tasks. Our recruiting process is simple, we show agents our technology and let them decide if they want to continue the conversation."

Bilal Haris Khan

President - Highline Residential

Top 10 NYC by Retention

Casa Blanca ranked as the top firm in New York City when it came to retention in 2022, retaining more than 93% of its agents during that period.

This was followed by Serhant with a retention rate of 89%.

Rounding out the top 10 was Bergen Basin Realty, with an annual retention rate of 84%.

Brokerage Name

Agent Retention

Casa Blanca

93.75%

Serhant

89.02%

City Connections Realty

88.31%

Sothebys International Realty

86.41%

Winzone Realty

86.11%

Next Stop NY

86.00%

R New York

85.74%

Brown Harris Stevens

85.73%

Tom Crimmins Realty

84.47%

Bergen Basin Realty

84.00%

Brokerage Name

Agent Retention

Casa Blanca

93.75%

Serhant

89.02%

City Connections Realty

88.31%

Sothebys International Realty

86.41%

Winzone
Realty

86.11%

Next Stop NY

86.00%

R New York

85.74%

Brown Harris Stevens

85.73%

Tom Crimmins Realty

84.47%

Bergen Basin
Realty

84.00%

87%

Is the average retention rate among the firms that ranked in the Top 10 in
New York City by agent retention in 2022.

Brokerage growth is not just about growing in headcount, but also retaining the talent currently on your team. Stefani Berkin from R New York and Marissa Ghesquiere from Sotheby’s International Realty shared how their brokerages ranked in the Top 10 by retention:

"As a family run business, R New York prefers a holistic brokerage model that places our agents at the forefront. Our agents have autonomy to run their business the way they want to with the great technology, training, PR, marketing, social media, lead generation we offer. R New York agents get everything the traditional firms offer, plus the added bonus of keeping their hard earned commission."

Stefani Berkin

President - R New York

"Beyond any metric, our stellar retention of agents is what we are most proud of. When agents join Sotheby’s International Realty, they become part of a luxury brand that is both meaningful and powerful and not only resonates with their existing clientele but provides an opportunity to interview with sellers that are not already in their spheres of influence."

Marissa Ghesquiere

Executive Vice President of Sales - Sotheby’s International Realty

Top 50 NYC by Agent Count

New York City’s top 3 major players, Douglas Elliman, Compass, and Corcoran remain unchanged, ranking in the top 3 spots by agent count in NYC.

The Agency entered the NYC market and ranked number 17 after joining forces with Triplemint in May 2022.

When asked how their firms have established themselves in the Top 50 brokerages by Agent Count, this is what leaders from these top ranking brokerages had to say:

"We provide ongoing support, resources, and competitive commission splits that empower our agents to grow in a constantly evolving market. The unique flexibility and independence we offer, sets us apart from traditional brokerages and allows us to consistently attract and retain successful agents."

Adam Mahfouda

CEO – Oxford Property Group

"In a more challenging market, it's more important than ever for agents to be able to differentiate themselves in the market, provide targeted exposure for their sellers, and have access to an international referral network to feed and grow their business. Elegran offer its advisors and their clients global access and exposure through Manhattan's only true global real estate platform, backed by Forbes and its engaged audience of 132 million."

Michael Rossi

CEO - Elegran | Forbes Global Properties

"Living New York prides itself on keeping an efficient team of high end agents focused on servicing our Developers, Buyers, and Sellers. We also benefit from having a full service property management team which feeds our leasing business and allows us to package services at competitive rates. Agents looking to make a change will be brought into our ecosystem where they will be assigned landlord accounts and buyer seller leads generated from our principal network and our participation with programs like Streeteasy Experts and Localize."

Adrian Savino

Managing Director - Living NY

"Between our platform and brand, our visionary leadership across all offices, never-ending expansion, and our best-in-class graphic designers, staff, and managers, there is a certain je ne sais quoi that we capture very effectively. The thing about quality is you can’t fake it. And this is especially true about company culture and the way it translates to the way we conduct business."

John Carbone

Managing Director - Nest Seekers

Brokerage Name

Agent Count

Douglas Elliman Real Estate

4,219

Compass

2,911

Corcoran Group

2,490

Exp Realty

1,784

Compass Greater NY

988

Brown Harris Stevens

964

Winzone Realty

798

R New York

661

Keller Williams NYC

610

Oxford Property Group

605

Nest Seekers

571

Sothebys International Realty

518

Bond New York Properties

379

Highline Residential

346

Berkshire Hathaway Homeservices

319

Robert Defalco Realty

250

The Agency

226

Serhant

213

eRealty Advisors

181

Yourhomesold Guaranteed Realty

180

Douglas Elliman Referral

179

Elegran | Forbes Global Properties

174

Real Broker NY

168

Coldwell Banker Reliable

166

Keller Williams Realty NYC Group

165

Brown Harris Stevens NYs

165

Brown Harris Stevens Brooklyn

160

Exp Realty Bkny

159

Real New York

157

Corcoran

156

Remax Edge

156

Berkshire Hathaway Homeservices

150

Scope Realty

144

Redfin Real Estate

136

Level Group

135

Remax Elite

134

Exp Realty NYC

130

Momentum Real Estate

122

Exit All Seasons Realty

119

Ideal Properties Group

118

Corcoran Sunshine

117

Exr

114

Sothebys International Realty

113

Ditommaso Real Estate

111

E House Realty & Management

110

Fillmore Real Estate

110

Coldwell Banker Warburg

106

Keller Williams Realty Empire

104

Vylla Home

104

Living New York

104

About Corofy Data & Intelligence

Corofy computes various data sets to arrive at the most accurate and comprehensive intelligence for real estate brokerages in New York City, including independent third-party sources, open public data, and proprietary Corofy data. We are committed to upholding the integrity of our proprietary data. We go to great lengths to ensure we provide you with the most complete, accurate, and in-depth information.

Conclusion

Each year, we analyze the New York City brokerage industry to uncover which brokerages are leading the way in terms of overall growth, agent headcount, and retention.

While nationally recognized brokerages still have a strong standing in the market, our 2022 report shows that boutique firms are on the rise, ranking in the top 10 across all categories.

The New York City real estate market is consistently dynamic and 2022 was no different in this respect.

Congratulations to the growing brokerages that are changing the New York City real estate game with a unique approach to growth and retention.

Special Note

The Corofy Team wants to thank our special guests who shared really insightful quotes:

Michael Rossi, CEO – Elegran | Forbes Global Properties

Fanny Montalvo, Broker of Record – Keller Williams NYC

Dezireh Eyn, COO – Platinum Properties

Adam Mahfouda, CEO – Oxford Property Group

Hannah Bomze, CEO – Casa Blanca

Adrian Savino, Managing Director – Living NY

Jordan Stallings, Head of Talent – Brooklyn Group

Stefani Berkin, President – R New York

John Carbone, Managing Director – Nest Seekers

Joseph Hamdan, Principal Broker – Coldwell Banker Reliable Real Estate

Marissa Ghesquiere, Executive Vice President of Sales – Sotheby’s International Realty

Bilal Haris Khan, President – Highline Residential

If you’d like to receive additional information, please contact us at [email protected]