AUSTIN, TX—Realty Austin, the #1 independent residential real estate brokerage in Austin, rises to the No. 46 power brokerage according to RISMedia’s 32nd Annual Power Broker Report. Realty Austin reported a total sales volume of $3,418,667,249 in 2019 representing 8,025 closed residential transactions.
Jonathan Boatwright, co-owner of Realty Austin said, “It is an honor to be recognized in the top 50 producing real estate firms in the nation. We are inspired by our powerhouse team of agents and staff members who never stop working to achieve their full potential, making them amongst the best in the world.”
2020 marks the 8th year Realty Austin has appeared on RISMedia’s Power Broker Report according to sales volume. The company increased their sales volume by 17% and total transactions by 12% in 2019.
The Top 1,000 Power Brokers collectively earned nearly $1.5 trillion in sales volume and almost 4 million transactions in 2019, encompassing more than 542,000 agents in over 9,200 offices.
Additional highlights from the 2019 Power Broker Report & Survey include:
- 35% of the Power Brokers described their market conditions as “Growing” and 30% described them as “Balanced”
- Power Brokers are showing more positivity as 50% described their confidence in the market as “Cautiously Optimistic” and 42% described it as “High”
- 68% of the Power Brokers reported that lack of inventory was their biggest challenge, making it the third year in a row to top the list, up from 49% last year
- 36% of The Power Brokers reported first-time homebuyers and millennials are their biggest opportunity
About RISMedia’s Power Broker Report
This report is an annual ranking of the nation’s top residential real estate brokerage firms by RISMedia. The prestigious honor was awarded to the country’s top real estate powerhouses based on closed transactions and sales volume for 2019. The Power Broker List represents the most comprehensive look at the real estate industry and provides these firms a distinction in their respective marketplace.
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