AUSTIN, Texas--(BUSINESS WIRE)--Keller Williams, the world's largest real estate franchise by agent count and the U.S. leader in units and sales volume, achieved significant technology milestones and surpassed 186,000 associates in Q2 '18, a net gain of 4,714 agents across the globe.
"Our agents are helping us build award-winning technology that is changing the industry," said John Davis, CEO and president, Keller Williams. “We’re moving fast and innovating for our people so that they can serve their clients at the highest level and build big lives for their families.”
Technology and Industry Highlights
- In Q2 ‘18, 23,715 agents downloaded Kelle, a proprietary artificial intelligence real estate business partner, available in the U.S. and Canada. As of 30 June, 70,168 agents have downloaded Kelle.
- Within Q2 ‘18, 8,680 live referrals were sent via Kelle, representing $2.07 billion in sales volume.
- Keller Williams released a host of new Kelle features and benefits in Q2. Details are available online.
- The Swanepoel Mega 1000 named Keller Williams the top residential real estate franchisor in the U.S.
- The REAL Trends "The Thousand" featured 78 Keller Williams real estate agent teams in its Top 250 ranking of real estate teams by transaction sides. Keller Williams led the industry in teams ranked.
- Forbes ranked Keller Williams No. 9 in its listing of America’s Best Employers for Diversity, No. 56 in its listing of America’s Best Employers, and No. 6 in its listing of Best Employers For Women.
- Inc. Magazine named Keller Williams a Best Workplace for 2018.
- John Davis, CEO and president of Keller Williams, was honored as one of the Top CEOs in 2018. He ranked No. 30 of 100 CEOs of large companies by Glassdoor, a leading job and recruiting site.
"We’re breaking production records set a year ago," said Davis. "By taking more market share and staying focused on activities that drive growth, our agents are raising the bar in real estate."
United States and Canada (production in Q2 ‘18)
- Franchise is now home to 163,999 agents in the United States and 3,255 in Canada, as of June 30.
- Agents closed 317,743 transactions in Q2 ‘18, up 4.1 percent over Q2 ‘17.
- Agents closed $98.3 billion in sales volume, up 8.7 percent from the previous Q2.
- Franchisee owner profit in the second quarter was up 1.3 percent over Q2 ‘17 to $70.3 million.
- Profit share increased 0.8 percent over Q2 ‘17 to $61.2 million.
- Agents took 223,096 new listings (new market inventory), up 6.9 percent over Q2 ‘17.
- Listings taken volume totaled $78.8 billion, up 14.1 percent over Q2 ‘17.
- Agents wrote 357,037 contracts (projected closings), up 4.4 percent over Q2 ‘17.
- Contracts written volume was $110.6 billion, up 8.9 percent over Q2 ‘17.
United States and Canada (production for first half of FY ‘18)
- As of June 30, agents closed 535,943 transactions, up 4.4 percent over the first six months of FY ‘17.
- Agents closed $163.0 billion in sales volume, up 9.5 percent over the first half of FY ‘17.
- Franchisee owner profit in first half of FY ‘18 is up 2.0 percent over same period FY ‘17 to $105.8 million.
- Profit share increased 2.3 percent over the first six months of FY ‘17 to $91.7 million.
- Agents took 402,907 new listings (new market inventory), up 7.8 percent over the first half of FY ‘17.
- Listings taken volume totaled $140.6 billion, up 16.1 percent over the first six months of FY ‘17.
- Agents wrote 627,178 contracts (projected closings), up 4.1 percent over the same period of FY ‘17.
- Contracts written volume was $191.4 billion, up 9.3 percent over the first half of FY ‘17.
Keller Williams Worldwide (outside the U.S. and Canada in Q2 ‘18)
- Outside of the U.S. and Canada, the franchise is now home to 6,679 agents, as of June 30.
- Agents closed 6,887 transactions in Q2 ‘18, up 56.0 percent over the same period in FY ‘18.
- Agents closed $1.2 billion in sales volume, up 46.9 percent over the previous period.
- Growth share increased 67.0 percent over Q2 ’17 to $529,827.
- Agents took 17,820 new listings (new market inventory), up 60.0 percent over Q2 ‘17.
- Listings taken volume totaled $5.9 billion, up 64.5 percent over Q2 ‘17.
- Agents wrote 7,652 contracts (projected closings), up 62.3 percent over Q2 ‘17.
- Contracts written volume was $984.4 million, up 52.5 percent over Q2 ‘17.
Keller Williams Worldwide (production outside the U.S. and Canada YTD in FY ‘18)
- Agents closed 12,674 transactions in first half of FY ‘18, up 58.6 percent over same period of FY ’17.
- Agents closed $2.2 billion in sales volume, up 68.5 percent from the first six months of FY ‘17.
- Growth share increased 77.2 percent over the same period in FY ’17 to $976,669.
- Agents took 34,060 new listings (new market inventory), up 63.4 percent over same period of FY ‘17.
- Listings taken volume totaled $11.2 billion, up 82.5 percent over same period of FY ‘17.
- Agents wrote 14,134 contracts (projected closings), up 54.2 percent over first six months of FY ‘17.
- Contracts written volume was $1.8 billion, up 59.7 percent over same period of FY ‘17.
Outside of the U.S. and Canada, Keller Williams Worldwide regions include Argentina; Belgium; Belize; Bermuda; Colombia; Costa Rica; Czech Republic; Dubai, UAE; France; Greater Shanghai, China; Greece; Indonesia; Israel; Jamaica; Luxembourg; Mexico; Monaco; Nicaragua; Northern Cyprus; Panama; Philippines; Poland; Portugal; Puerto Rico; Romania; Southern Africa; Southern Cyprus; Spain; Turkey; United Kingdom; and Vietnam.
About Keller Williams
Austin, Texas-based Keller Williams, the world's largest real estate franchise by agent count, has more than 975 offices and 186,000 associates. The franchise is also No. 1 in units and sales volume in the United States.
In 2015, Keller Williams began its evolution into a technology company, now building the real estate platform that agents' buyers and sellers prefer. Since 1983, the company has cultivated an agent-centric, technology-driven and education-based culture that rewards agents as stakeholders.
For more information, visit kw.com and kwworldwide.com.
