Key Highlights

  • In 2020, most real estate firms operated from a single office (80%) and were independent and non-franchised (86%).
  • Firms with only one office had a median brokerage sales volume of $4.5 million and 19 real estate transaction sides.
  • Firms cited maintaining sufficient inventory, housing affordability and competition from nontraditional market participants as the biggest challenges in the next two years.