Award season is upon us, and I’m proud to say Redfin has again ranked among the top 10 real estate brokerages nationwide, according to the RealTrends Verified Brokerage Rankings and the RISMedia Power Broker Report. In 2023 Redfin closed 46,549 transactions, totaling more than $27B in sales, earning us spot #7 on these lists of brokerages with the most overall transactions and sales volume.
What excites me most about this achievement isn’t just a number on a ranking, it’s what it says about the caliber of agent we have here at Redfin. Our salesforce is a fraction of the size of our competitors—around 1,700 lead agents compared to tens of thousands at many of our competitors in the top ten—but our results make us undeniably mighty.
Redfin agents are the most productive
Based on RealTrends data*, the average Redfin agent closed over 27 deals in 2023—more than three times as many deals as the other brokerages named in the top 10 for this award. With more experience under our belts, Redfin agents have the skills and expertise to help our customers win through the ups and downs of the market.
According to the RealTrends list of top brokerages by sales volume,** Redfin agents are also outperforming the industry. The average Redfin agent closed over $16 million in sales in 2023.
And, of course, with higher sales comes strong earnings. The median pay for Redfin lead agents was just over $100,000 in 2023, and our best agents have earned more than $750,000 a year. And at Redfin, what you earn is what you keep because we cover all your necessary business expenses plus benefits, mileage, payroll taxes and listing expenses.
Our model makes it possible
At Redfin, we let agents focus on their customers and closing deals by providing the technology, teams, and systems to take care of the rest. By generating new customers, scheduling tours, conducting follow-up tours, and coordinating sales and listings, Redfin gives agents the time and the tools they need to do what they do best—providing personalized service to their customers.
That’s why Redfin Next—our new agent pay plan in California, Chicago, Connecticut, Dallas, Miami, New York, Palm Beach and Washington, D.C.—has been so popular. Redfin Next increases the upside for top-performing agents by pairing Redfin’s technology, high-quality customer introductions and team support with big commission splits on every deal. Based on our early recruiting success and positive feedback from existing Redfin agents, I’ve never been more confident that we are pairing the right tools and the right incentives to provide the best agent experience in the industry.
Our goal is to be the best employer in real estate, not only because it’s the right thing to do, but also because we know it’s the key to serving our customers well. We believe our agents will thrive no matter how the industry evolves because they have the opportunity for more deal experience and to meet more customers, and because Redfin offers innovative services and competitive prices that consumers want.
Are you ready to take your real estate career to the next level? We’re always looking for experienced agents to join the company in markets around the country. Visit our site to start a conversation about how to grow your business and career at Redfin.
*The ranking of the top brokerages by sides and the supporting data were provided by RealTrends. RealTrends did not provide an agent count for Anywhere Advisors, so Redfin used data available through RISMedia in its place.
**The ranking of the top brokerages by sales volume and the supporting data were provided by RealTrends. We excluded Side from this chart because we could not find reliable data on its agent count.
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