For this week’s By The Numbers, LeapRE looked at the market transaction percentages for two emerging brokerages, @properties and Redfin.
As a brokerage, Redfin has had impressive growth since 2009 – its total transactions have grown to almost 250 percent. However, when compared to @properties, which has participated in transactions worth 14 percent of total transaction volume, Redfin remains a small market presence, participating in transactions worth 1 percent of total transaction volume. These statistics apply to non-commercial, non-land listings that were for sale starting January 1, 2009.
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I’m not sure why there would be any comparison between @properties & Redfin. I would like to see @properties compared to all of the other traditional real estate companies. Redfin pays their clients and buyers must realize you get what you pay for or you get how your paid off!