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.
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.
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.
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%.
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:
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.
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.
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]