The RISMedia’s Power Broker Survey* has been released and John L. Scott Real Estate ranked #18 in transactions and #12 in sales! The results of the survey reflect the overall pattern of the housing market last year. Real estate firms across the country were polled, about everything from inventory and growth to service they offer and the amount of money they spend on marketing. While 45 percent described their markets as “growing,” “stable” was a close second. Power Brokers reported a collective $1,122,919,847,964 in sales volume and 3,406,863 transactions. This represents a more than $150 billion increase in sales volume over 2014, and nearly 250,000 more transactions—a clear indicator of low inventory driving prices higher.
“This is a historic time for the real estate industry, and the wild ride will continue into 2016,” says Lennox Scott, president and CEO of the Pacific Northwest’s John L. Scott Real Estate. “Inventory in markets closest to job centers is desperately low, and what was a ‘quick action’ market is now an ‘instant response’ one for homebuyers. Because this is such a frenzied market, we are arming our brokers with the best tools possible.”