Performance

Keller Williams Reports First Half Results

Austin, TX | August 13, 2019

AUSTIN, TEXAS August 13, 2019 — Keller Williams (“KW”), the world’s largest real estate technology franchise by agent count and the U.S. leader in units and sales volume, continues to expand internationally, achieve technology milestones, and top franchise and industry-related rankings.

“Our agents continue to capture market share and outperform the industry despite a shifting market. In fact, 10.4% of our industry’s total sides belong to Keller Williams agents,” said Gary Keller, co-founder, chairman and CEO, KW. “What sets our associates apart is their unique ability to recognize and act on opportunity.”

“The ultimate measure of our success is the health of our people’s businesses. And, we’re proud that 94% of our market centers across the U.S. and Canada are profitable,” said Keller. “That’s a direct result of our unwavering commitment to the agent-led Labs process which delivers technology that grows their businesses.”

Q2 ’19 Technology and Industry Highlights

“We wake every day asking, ‘How can we empower agents to deliver a better consumer experience?’ In Q2 ’19, we made huge strides on this journey and released on average 50 to 75 agent-directed, iterative updates to Command a week,” said Josh Team, president, KW. “What agents and agent teams love is that we’re adding this value at no additional charge.”

“Because we’re innovating in partnership with our agents, we’re seeing massive growth in the daily active use of Command and Kelle, which is driving production results,” said Team. “We’re giving agents exactly what they told us they need.”

Housing Market

According to the National Association of REALTORS®, the number of existing homes sold in the U.S. declined 4.2% year to date (as of June 30) in 2019 and the sales volume associated with those homes declined 1.4% compared to the same period of 2018. 

“We forecast a decline of 3.5% for existing home sales to end 2019 and for prices to end the year up 3%,” said Ruben Gonzalez, chief economist, Keller Williams. “Recent market turmoil and policy changes likely represent a downside risk to our forecast as they persist.”

“The recent Federal Reserve rate cut is unlikely to generate any significant stimulus to the housing market given the slow response to low interest rates throughout the first half of 2019 and the fact that longer-term Treasury rates may not move in sync with the Fed’s policy. The primary risk to home sales continues to be any deterioration of macro-economic conditions.”

United States and Canada (production YTD in FY ’19) 

Keller Williams Worldwide (production YTD outside the U.S. and Canada in FY ’19)

Outside of the U.S. and Canada, KWW regions include Argentina; Belgium; Belize; Bermuda; Cambodia; Chile; Colombia; Costa Rica; Czech Republic; Dubai, UAE; France; Greater Shanghai, China; Greece; Indonesia; Ireland; Israel; Italy; Jamaica; Luxembourg; Malaysia; Mexico; Monaco; Morocco; Nicaragua; Northern Cyprus; Panama; Philippines; Poland; Portugal; Puerto Rico; Romania; Southern Africa; Southern Cyprus; Spain; Trinidad and Tobago; Turkey; United Kingdom; and Vietnam.

About Keller Williams

Austin, Texas-based Keller Williams, the world’s largest real estate technology franchise by agent count, has more than 1,030 offices and 181,000 associates. The franchise is also No. 1 in units and sales volume in the United States.

In 2019, Fast Company named Keller Williams the No. 1 “Most Innovative Company” in real estate. In 2015, KW began its evolution into a technology company, now building the real estate platform that agents’ buyers and sellers prefer.

Since 1983, the company has cultivated an agent-centric, technology-driven and education-based culture that rewards agents as stakeholders. For more information, visit kw.com.

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For Press and Media Inquiries Contact

darryl.frost@kw.com | 254-466-3627