ERA Key Realty Services is proud to announce that it has been named to RISMedia’s 20th Annual Power Broker Report & Survey. ERA Key Realty Services ranked 297 in closed transaction sides in the Power Broker Report, which identifies and ranks America’s largest residential real estate brokerage companies by transaction sides and sales volume.
The results of this year’s Power Broker Survey reflect the market downturn felt from coast to coast. Longer listing times, more cautious buyers and the mortgage meltdown resulted in fewer total transactions—2,322,210 in 2007 compared to 2,754,618 in 2006. Meanwhile, price appreciation continued its decline, resulting in lower total sales volume—$749,201,552,294 in 2007 compared to $855,755,959,352 in 2006.
To view the complete Power Broker Survey results, visit www.rismedia.com.
“Appearing in RISMedia’s 2008 Power Broker Report is more important than ever,” explains RISMedia President & CEO John Featherston. “By ranking the industry’s leading brokerages by sales dollar volume and transaction, we have been able to identify the leaders in real estate year after year. It’s a great promotion and recruitment tool and a great way to show consumers that the real estate industry is still open for business.
“Being among the top 700 brokers in the country is a sure way to gain the trust of speculative clients, differentiate your firm from the competition, and catch the eye of ambitious new recruits.”
ERA Key Realty Services has offices in Framingham, Franklin, Milford, Oxford, Spencer, Westboro, Whitinsville and Worcester. With sales of $400 million in 2007, it is among the top 10 residential real estate brokerage firms in Massachusetts and the top ERA Company in Massachusetts.