Market Overview

Keller Williams Reports Q2 '18 and YTD Results

Share:

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.

View Comments and Join the Discussion!