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July 2023 Rankings – New York City Residential Brokerages

Introduction

This report analyzes the activity of real estate agents who had their license associated with a New York City-based firm between July 1st, 2023, and July 31st, 2023.

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 include a firm’s growth, hiring, turnover, and retention. Only residential firms are considered.

Top 10 NYC Growth by Percentage

Compass NY Referral is the fastest-growing residential firm by percentage in New York City in July, with an agent growth of 32.81%.

The following position goes to Berkshire Hathaway Homeservices Laffey International Realty, which grew its headcount by 7.43%.

Real Broker NY ranked 3rd, with a 6.73% growth.

7.85%
Is the average growth percentage of the 10 fastest growing firms by percentage of agent count in July.

Top 50 NYC By Agent Count

New York City’s top 3 major players, Douglas Elliman Real Estate, Compass, and Corcoran Group remain unchanged, ranking in the top 3 spots by agent count in NYC.
23,277
Is the cumulative number of agents from all firms that ranked in the Top 50 in New York City by agent headcount in July 2023.

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

Every month, 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.

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

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

See you next month! 

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