Keller Williams Reports Second Quarter 2022 Results

AUSTIN, Texas–(BUSINESS WIRE)–Keller Williams (KW), the world’s largest real estate franchise by number of agents, reports its second quarter 2022 results, after achieving significant growth and topping franchise and corporate culture rankings.

“Our agents are thriving in very dynamic housing market conditions,” said Sajag Patel, Chief Operating Officer, KW. “We are pleased with our performance and achieved record sales volume in the second quarter.”

“Looking ahead, we see the market equilibrating from the effects of unprecedented mortgage rates and inventory constraints,” Patel said. “Yet, regardless of the market, we will continue to provide the best training, coaching and technology in our industry that enables our agent businesses to thrive.”

United States and Canada (Q2 22 production)

  • Agents closed sales volume of $146.8 billion, up 1.0% from the second quarter of last year.

  • Agents closed 328,100 transactions in Q2 22, down 10.7% from Q2 21.

  • Agents saw 205.9,000 new listings (new market inventory), down 3.9% from Q2 21.

  • Agents wrote 355.7,000 contracts (expected closes), down 12.2% from Q2 21.

  • The volume of contracts written was $158.6 billion, down 1.5% compared to Q2 2021.

“In the second quarter of 2022, we surpassed 176,000 agents in the United States and Canada – a historic feat,” said Marc King, president of KW. “And, we continue to attract agents to such a clip because we maintain a strong culture and community that provides unlimited growth for real estate entrepreneurs.”

Keller Williams has 176,438 agents in the United States and Canada and 16,304 agents operating outside the United States and Canada, for a total of 192,742 agents worldwide, as of June 30, 2022.

In Q2 22 alone, KW added 3,098 net agents in the US and globally.

Keller Williams Worldwide (KWW) Momentum (production outside the US and Canada in Q2 22)

  • As of June 30, the number of agents outside the United States and Canada was 16,304, up 21.8% from Q2 21.

  • Agents closed 19,900 transactions in Q2 22, up 31.6% from Q2 21.

  • Agents achieved sales volume of $3.9 billion, up 39.3% from Q2 ’21.

  • Agents saw 29,100 new listings (new market inventory), up 3.1% from Q2 21.

  • Agents wrote 23,100 contracts (expected closes), up 33.6% from Q2 21.

  • The volume of contracts written was $3.4 billion, up 33.4% compared to Q2 2021.

“We are marking another consecutive quarter of aggressive international growth,” said William E. Soteroff, president of KWW, the international division of KW. “With over 16,000 agents outside of the United States and Canada, we once again saw double-digit percentage gains on most productivity metrics.”

Outside of the United States and Canada, KWW regions include: Albania; Argentina; Aruba; Belgium; Belize; Bermuda; Bolivia; Bonaire; Cambodia; Chile; Colombia; Costa Rica; Cyprus; Czech Republic; Dominican Republic; Dubai, United Arab Emirates; France; Greece; Guyana; Honduras; Indonesia; Ireland; Israel; Italy; Jamaica; Japan; Luxemburg; Malaysia; Mexico; Monegasque; Mongolia; Nicaragua; Northern Cyprus; Panama; Paraguay; Peru; Philippines; Poland; Portugal; Porto Rico; Romania; Sao Paulo, Brazil; Saudi Arabia; Serbia; Saint-Martin ; Slovenia; South Africa; Spain; Suriname; Thailand; Turkey; Turks and Caicos Islands; UK; Uruguay; and Vietnam.

Company and Industry Highlights

About Keller Williams

Based in Austin, Texas, Keller Williams (KW), the world’s largest real estate franchise by number of agents, has more than 1,100 offices and 200,000 associates. The franchise is also #1 in units and sales volume in the United States.

Since 1983, the company has cultivated an agent-centric, technology-driven, education-based culture that rewards agents as stakeholders. For more information, visit kwx.kw.com.

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