Keller Williams reports results for the third quarter of 21 and year-to-date

AUSTIN, Texas – (COMMERCIAL THREAD) – Keller Williams (“KW”), the world’s largest real estate technology franchise in terms of agent count and the US leader in terms of units and sales volume, reports third quarter results 21 and since the start of the year, having recorded significant growth and surpassed the number of franchises and corporate culture rankings.
“We are proud to re-announce that KW Agents continue to aggressively expand our market share at a rapid rate in the United States and globally,” said Carl Liebert, CEO of kwx, the holding company by KW. “Our success is the result of our strong partnership with agents who go the extra mile to make home ownership an experience for their clients.”
Keller Williams has 174,155 agents in the United States and Canada and 14,089 agents operating outside the United States and Canada, for a total of 188,244 agents worldwide as of September 30.
In the third quarter of 21 alone, KW added 3,590 net agents in the US and globally.
“We are honored to be in business with each of our agents who carry out the dream of homeownership by providing the highest level of professionalism and service,” said Marc King, President of Keller Williams. “In the third quarter, we made substantial agent gains, which positions us best to reap market share dividends going forward. ”
Company and Industry Highlights
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In Q3 ’21, Command, a CRM-smarter solution initially available in Q1 ’19, reached approximately 103.4 thousand monthly active users (MAU), as of September 30, an increase of 30.0% over the end of quarter Q3 ’20.
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In July, Entrepreneur Magazine ranked KW on its annual 2021 World’s Best Franchise List.
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In July, KW unveiled the KW Expansion Network, a national brokerage for expansion teams.
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In July, KW announced a partnership with Legacy International on KW New Homes Community.
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In August, Forbes ranked KW in its annual ranking of America’s Best Employers for Women.
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In August, Forbes listed KW on its annual list of Top Employers by State 2021.
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In August, KW opened Mega Camp to real estate agents.
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In August, KW announced four strategic executive appointments.
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In August, kwx, the holding company of KW, announced the appointment of Raymond Jones as head of Keller Offers and Keller Manage.
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In September, Newsweek ranked KW on its America’s Best Customer Service 2022 list.
“We continue to see strong engagement across command,” said Chris Cox, chief technology and digital officer at kwx. “As the smartphone continues to be the remote control of our lives and businesses, we are focusing on innovation by partnering with our agents on new features and benefits through Command as part of our mobile strategy. first, but not just mobile. ”
United States and Canada (production in Q3 ’21)
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Agents closed 371.7 thousand transactions in Q3 ’21, down 0.8% from Q3 ’20.
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The agents closed a sales volume of nearly $ 150.0 billion, up 17.7% from the third quarter of last year.
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Agents took 204.6 thousand new listings (new market inventory), down 1.8% from Q3 ’20.
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Agents wrote 393.6 thousand contracts (expected closings), down 3.5% from Q3 ’20.
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The volume of written contracts amounted to $ 157.8 billion, up 13.1% from the third quarter of 2020.
United States and Canada (production since the start of 2021)
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As of September 30, agents have closed over 1.0 million transactions, up 16.1% from FY20.
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The agents closed a sales volume of $ 393.4 billion, up 39.1% from fiscal year 20.
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Agents registered 581,200 new listings (new market inventory), up 4.5% from current year 20.
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Agents wrote 1.1 million contracts (expected closings), up 12.0% from FY20.
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Written contract volume stood at $ 435.3 billion, up 33.9% from YTD ’20.
“We are satisfied with our productivity metrics in the US and Canada, as we declined slightly due to the base effect of the third quarter of last year,” said Jason Abrams, Head of industry, kwx. “Unprecedented for our time, the COVID closures at the end of the first quarter and second quarter of 2020 allowed a significant influx of demand for pent-up housing to hit our agents in the third quarter of 2020.”
“As a result, our exceptional market share gains are more visible in our results year-to-date and into the third quarter of 19,” said Abrams. “In the United States and Canada, our agents have increased the number of homes sold by over 16% since the start of the year. And we’re up 15% from Q3 19 in the number of homes sold. ”
Momentum from Keller Williams Worldwide (KWW) (production outside the US and Canada in Q3 of 21)
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As of September 30, the number of agents outside the United States and Canada stood at 14,089, up 23.1% from the third quarter of 2020.
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Agents closed 16.5 thousand transactions in Q3 ’21, up 36.3% from Q3 ’20.
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The agents closed a sales volume of $ 3.2 billion, up 74.5% from the third quarter of 2020.
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Agents took 27.6 thousand new listings (new market inventory), up 4.3% from Q3 ’20.
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Agents wrote 19.7 thousand contracts (expected closings), up 31.1% from Q3 ’20.
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The volume of written contracts was $ 2.9 billion, up 35.5% from the third quarter of 2020.
KWW Momentum (production outside the United States and Canada since the start of 2021)
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As of September 30, agents closed 44.7 thousand transactions, up 69.3% compared to fiscal year 20.
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Agents closed sales volume of $ 8.6 billion, up 112.9% from fiscal year 20.
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Agents took 83.2 thousand new listings (new market inventory), up 22.1% from YTD ’20.
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Agents wrote 53.2 thousand contracts (expected closings), up 57.3% from YTD ’20.
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Written contract volume stood at $ 7.8 billion, up 84.9% from YTD ’20.
“We are delighted to report exponential growth around the world,” said William E. Soteroff, president of KWW. “As agents in our more than 50 regions around the world continue to expand their market share, they are funding bigger lives for their families. ”
“And we will continue to support their important efforts in serving their clients through our industry-leading training, coaching, service and technology,” said Soteroff.
Outside of the United States and Canada, KWW regions include: Albania; Argentina; Aruba; Belgium; Belize; Bermuda; Cambodia; Chile; Colombia; Costa Rica; Czech Republic; Dominican Republic; Dubai, United Arab Emirates; France; Greater Shanghai, China; Greece; Honduras; Indonesia; Ireland; Israel; Italy; Jamaica; Japan; Luxembourg; Malaysia; Mexico; Monaco; Mongolia; Morocco; Nicaragua; Northern Cyprus; Panama; Paraguay; Peru; Philippines; Poland; Portugal; Porto Rico; Romania; Serbia; Slovenia; South Africa; Southern Cyprus; Spain; Suriname; Thailand; Trinidad and Tobago; Turkey; Turks and Caicos Islands; UK; Uruguay; and Vietnam.
About Keller Williams
Austin, Texas-based Keller Williams, the world’s largest real estate technology franchise by agent count, has more than 1,100 offices and 200,000 associates. The franchise is also # 1 in units and sales volume in the United States. kwx is the holding company of Keller Williams.
In 2020, Keller Williams initially started forming kwx, consisting of Keller Williams, Keller Williams Worldwide, Keller Manage, Keller Offers and Keller Home Financial Services, consisting of Keller Mortgage and Keller Covered.
Since 1983, the company has cultivated an agent-centric, technology-driven, and education-based culture that rewards agents as stakeholders. For more information, visit kwx.kw.com.